Managers of Wealth Americas

Legal twist to info exchange

Barbados appears to be moving into full financial information-sharing mode as the world’s most powerful countries put their foot down on tax evasion.

Top 10 Reasons to Abolish the Corporate Income Tax

Tax complexity disappears, the obsession with after-tax profit vanishes and stock prices climb even higher.

Bank Leumi Fined $400 Million for Tax Evasion Scheme; Bans Compliance Officer

Bank Leumi Group will pay a total of $270 million to the United States, and another $130 million to the New York State Department of Financial Services

Netherlands, Curacao To Avoid Double Taxation From 2016

The Dutch Ministry of Finance announced that a new regulation for the avoidance of double taxation between the Netherlands and Curacao is expected to be effective beginning 1 January 2016.

The Less Taxing Way Asia’s Rich Invest in ETFs

European-listed ETFs are popular with Asian investors wanting to avoid tax headaches.

It’s All About Income Tax

Private placement life insurance may provide many advantages for your clients

New Jersey Paid Fees To Mary Pat Christie's Firm After State Investment Was Terminated

Pension overseers and financial experts characterized the appearance of the arrangement as deeply troubling.

Indian Americans' global assets under tax lens; India may soon become a signatory to US law

It was more than a statement — the newborn would be an American citizen and enjoy the privileges that came with it.

Burger King’s move to Canada could save $1.2B in taxes

Miami-based Burger King Worldwide in August agreed to buy Tim Hortons in an $11 billion deal that will create the world’s third largest fast-food chain.

US Republican presidential hopeful Jeb Bush uses UK fund that could lower his American tax bill

Jeb Bush, a front-runner to become the Republican Party’s next presidential nominee, has used Britain to set up a private equity fund that could possibly allow it to avoid paying tax in America

Leumi May Reach Agreement With U.S. Over Tax Evasion by January

Bank Leumi Le-Israel Ltd. (LUMI) expects to reach an accord with the U.S. government by next month over accusations Israel’s second-largest bank helped Americans evade taxes.

Burger King Could Dodge $1.2 Billion In US Taxes Through 2018 With Tim Horton's Merger: Americans For Tax Fairness

The merger, which Tim Horton’s shareholders discussed this week, is expected to close Friday.

Bulgaria Concludes US FATCA Deal

Bulgaria has formally signed up to the US's Foreign Account Tax Compliance Act (FATCA), just over six months after the two countries concluded a transitional "in substance" agreement.

Singapore, U.S. finalize agreement on tax evasion

Tuesday's agreement means that firms in Singapore can report U.S. account holder information to the local tax authority, which will send it to the IRS, saving them from dealing directly with U.S. tax authorities.

KPMG’s Week in Tax - December 1-5

As the new year approaches, the governments of several countries this week focused on tax legislation.

Global tax war looming and US won't be backing down

The United States won't give up its right to tax multinationals, and nations will go to war soon with countries like China on taxing rights

Bank Leumi Said to Be Near $400 Million US Tax Settlement

The bank’s provisions reflect its legal team’s most recent estimates of what it will need to pay

FATCA: Boris Won’t Pay His US Taxes

Love him or hate him, you have to say that Boris Johnson makes a very good point about FATCA.

Argentina charges HSBC with aiding tax evasion via Swiss accounts

Argentina's move comes as part of a global crackdown on undeclared funds held in offshore havens, after the global financial crisis strained government budgets and made the need to maximize tax receipts more pressing.

Even Non-Owner Signers On Offshore Accounts Face FATCA And FBAR Risks

Each U.S. citizen and permanent resident must report worldwide income to the IRS even when paying taxes elsewhere.