Managers of Wealth Americas

A tax loophole that needs to be nailed shut

Economists call it rent-seeking.

Clinton to unveil wealth tax proposals

Since launching her campaign in April, Clinton has bemoaned what she sees as unfair tax policy, arguing it's wrong “when hedge fund managers pay a lower tax rate than truck drivers or nurses.”

America’s richest 400 households paid a 16.7 percent tax rate in 2012

These 400 households collectively comprise 0.0001 percent of taxpayers, but accounted, by themselves, for roughly 1.5 percent of all income.

There's a secret, separate US tax system that rich people use to save billions

The fronts for the super-rich donate lavishly to both the Republicans and the Democrats, and the loopholes are exploited by everyone from the Kochs to Soros.

Global dragnet puts pressure on tax evaders as year-end deadlines loom

Some have been warned that their accounts could be frozen or liquidated.

Really rich people are suddenly paying quite a bit more in taxes

The effect has been to create a kind of private tax system, catering to only several thousand Americans.

For the Wealthiest, a Private Tax System That Saves Them Billions

The very richest are able to quietly shape tax policy that will allow them to shield billions in income.

Financial Services Companies Seek Exceptions to 367(d) Rules

Each commenter noted that financial institutions operating abroad have been under increasing pressure to reorganize foreign branch operations into locally incorporated subsidiaries.

Tim Cook says charges of Apple tax avoidance are 'total political crap'

Appls keeps most of the money it generates overseas parked offshore.

US expats warned on new tax law

Under the new act set to take effect on 1 January 2016, the Internal Revenue Service (IRS) will compile a list of Americans in violation of the new rule.

Swiss-Banking Lawsuit Against IRS Could Have Wide Impact

Bernhard Gubser says his failure to declare assets that were in his UBS account in 2008 was an innocent error

Swiss Bank Hid Assets for Jews in Wartime, Then Tax Evaders

Dreyfus avoided U.S. prosecution by agreeing to pay $24.2 million and admitting it “did not implement strict enough controls” to ensure that its American clients paid their taxes, the agreement says.

No Good Deed Goes Unpunished

Unfortunately, their pledge to advance human potential and promote equality has been grossly misunderstood and mischaracterized.

Minimize Hedge Fund Managers’ Deferred Compensation 2017 Tax Bill

An estate is required to report IRD when it actually collects the income.

More than 50 banks which helped American clients dodge tax in Swiss bank accounts receive immunity from criminal prosecution in US

Some 57 companies have rushed to sign up to the Department of Justice’s ‘Swiss Banks Programme’.

Tax