Managers of Wealth Americas

FATCA will still take effect amongst OECD proposed agreement

The Global Organisation for Economic Cooperation and Development’s proposed standard information exchange does not change the FATCA deadline.

United States: IRS Issues John Doe Summons For Hidden Accounts

The US Government's recent crackdown on offshore tax evasion shows no sign of slowing down and appears to be expanding to include new jurisdictions.

Offshore Tax Havens Cost You $1,259 a Year

General Electric manages to avoid paying taxes on nearly $110 billion

How widespread is tax evasion?

Tax evasion is widely assumed to be an eternal problem for governments but how widespread is it?

Julius Baer sees resolution to US tax probe in foreseeable future

Swiss bank Julius Baer sees itself reaching an agreement with the U.S. authorities in a dispute over tax in the foreseeable future.

An Immodest Proposal: A Global Tax on the Superrich

Bill Gates washes his own dishes, as we learned this year from his Ask Me Anything session on Reddit, but he’s certainly not trying to save money.

Accounting firms stand to gain on ECB’s bank reviews

The reality will be that for the automatic exchange of information rules

To Roth or not to Roth your IRA? Atlantic Trust explains the benefits, considerations

A Roth can be a potentially powerful investment and estate planning tool

Brazil Follows IRS Lead, Declares Bitcoin Capital Gains Taxable

Brazil, just like the American IRS, is not calling Bitcoin a currency.

Untaxed U.S. corporate profits held overseas top $2.1 trillion: study

The new numbers ... certainly highlight what is one of the key challenges for tax reform.

Other states challenging wealthy taxpayers who claim Florida residency

Cold and snow aren't the only reason hordes of people want to become Florida residents.

Credit Suisse Is Said to Be Facing Double-Barreled Inquiries

The subcommittee questioned bank executives

SA and US plan foreign tax compliance deal

The National Treasury and the SA Revenue Service were discussing entering into an inter-governmental agreement with the US on a foreign tax compliance act,

Lawsky Said to Probe Credit Suisse Role in Tax Evasion

New York’s top banking regulator is investigating whether Credit Suisse Group AG’s private banking practices resulted in the evasion of state taxes, according to a person with knowledge of the matter.

FATCA deadline looms for hedge funds

Notably, the IRS has also announced that the 19 countries which were in the process of completing their intergovernmental agreements on FATCA will be treated as though those agreements are already complete.

PwC completes its acquisition of Booz & Company

With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.

Why did 3,000 Americans Renounce their Citizenship in 2013?

2013 was a year for goodbyes for many Americans as more than 3,000 citizens decided to turn in their passports and renounce their citizenship.

Snowbirds getting their wings clipped by tax treaty

Most snowbirds already know they need to keep track and report how many days they spend in each country

Luxembourg US Intergovermental FATCA Agreement Signed

The Luxembourg tax authorities this morning announced that the intergovernmental FATCA agreement (model 1) between Luxembourg and the United States was signed on 28 March 2014.

International efforts to combat tax avoidance got a boost today as OECD broadens dialogue with global partners

Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.