Managers of Wealth Americas

Untangling the FATCA Web for Hedge Funds

Fortunately for most management companies and investment advisor entities, they will likely fall under the “deemed compliant” definition

IRS Considers New Tax on Wealthy Families

The IRS wants to sharply curtail a favorite tax benefit affecting family partnerships and LLCs

KPMG And Dun & Bradstreet Alliance Addresses FATCA Due Diligence Challenges

Collaboration offers tool to simplify FATCA business entity compliance as 2016 deadline looms

Private Equity Star Wins U.K. Tax Fight After Trip to Wonderland

A private equity executive won his five-year legal battle with U.K. authorities to stop his fees from managing venture capital funds being taxed twice.

A.M. Best Comments on Proposed U.S. Tax Changes for Offshore (Re)Insurers

The Best’s Briefing, titled, “A.M. Best Comments on Proposed U.S. Tax Changes of Offshore (Re)Insurers, states that companies would likely seek operating alternatives to ensure capital efficiency if the tax benefits for offshore companies are

US foreign bank and financial accounts filing deadline looming

The taxman in the United States is reminding people with one or more bank or financial accounts outside the country that they need to file their Foreign Bank and Financial Accounts by the end of June.

Senate Introduces Bill to End Offshore Reinsurance Tax Break

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

Legislation Proposed To End Tax Break For Hedge Funds

The legislation that was introduced is the Carried Interest Fairness Act of 2015.

FATCA: Making First Submissions and Maintaining Compliance

While the Foreign Account Tax Compliance Act became law in 2010, it has been slowly transitioning to implementation

UAE signs intergovernmental agreement with the U.S. on the Foreign Account Tax Compliance Act

FATCA was enacted by the U.S. Congress in 2010 to target non-compliance by U.S. taxpayers using foreign accounts.

Proposed U.S. Model Treaty Provisions May Dramatically Alter International Tax Landscape

The U.S. Model Income Tax Treaty generally represents the United States’ opening position in treaty negotiations

The IRS Turns Up The Heat On Hedge Fund-Backed Reinsurance

What is a hedge fund investor to do?

IRS Deadlines Loom for Taxpayers With Offshore Accounts

IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings

Hedge Fund Giant Tells Hillary Clinton to Cut the 'Crap'

Billionaire hedge fund founder Leon Cooperman takes issue with the former secretary of state's portrayal of his profession.

U.S. Department of Justice States its Tax Enforcement Priorities

In her recent testimony before Congress Caroline Ciraolo Acting Assistant Attorney General stated the enforcement priorities for the Tax Division. Among the four areas of focus is Offshore Tax Evasion.

El Salvador joins international efforts to fight offshore tax evasion

El Salvador became a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes in 2011.

deVere: Presidential candidates owe it to America to explain their stance on controversial FATCA

Presidential candidates must come clean on America’s highly controversial global tax law - and more must urgently be done to repeal it, not least because it is “a blue print for worse to come”, warns the boss of one of the world’s

More Swiss banks to settle with U.S. Department of Justice in near future - official

The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.

A Global Economy Needs an Offshore Industry

Tax avoidance may once have been its main purpose.

Switzerland Publishes Tax Evader List

Some observers are calling this the real and final end of Swiss bank privacy tradition, which mostly dates to the 1930s.