Managers of Wealth Americas

Facing change: Current United States tax and estate planning ideas

Uncertainty at a political level, and the possibility of further changes in the tax code, create urgency.

IRS Undertaking Hundreds of Repatriation Tax Audits in October

“We believe that there’s a high likelihood of noncompliance in this space,”

Transatlantic Tax Updates: July 2020

A round-up of the recent US tax changes relevant to American taxpayers living in the UK.

Catching up with US tax returns doesn’t need to be difficult for expats

The IRS requires that the last 3 tax returns that are overdue are filed in good faith during this process.

Canada Revenue Agency: How to Build a Tax-Free Pension

The CRA gives you 1/40th of the OAS for each year you lived in Canada after the age of 18.

Millionaires in Latin America Weigh Moving to Sidestep Tax Grab

Uruguay cuts tax residency requirements to attract investors

Three key considerations for tax and legal leaders

They are at the forefront of crafting essential strategies to maintain a positive cash flow, drive the implementation of government relief measures

Global tax guide to doing business in...

This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations.

Latin America’s taxing problem

Calls grow to make the rich pay more as Covid-19 drains public finances

For less than $400,000 you can now get Uruguay tax residency

Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI -- currently equivalent to $378,000 -- will qualify for tax residency.

IRS Grants Tax Relief for Qualified Opportunity Funds and Investors in Response to the COVID-19 Pandemic

Generally, pursuant to the QOF rules, investors who wish to defer capital gains have 180 days from the applicable recognition date to invest such capital gains into a QOF.2

U.S. taxpayers' virus relief went to firms that avoided U.S. taxes

Zagg has booked much of its profit through small companies in far-off Ireland and the Cayman Islands, its filings show.

CARES Act Increases Business Tax Incentives for Charitable Gifts

Changes apply to donations of cash and food inventory.

Tax executives: Response to COVID-19

Cash flow, costs, and efficiency

CRA claiming $4.4B from Canadian companies and individuals suspected of tax evasion

The $4.4 billion is far from won for Canada’s tax agency. Tax evasion cases often lead to notoriously long and difficult court fights for the CRA

Bank Hapoalim to Pay $874 Million to Settle U.S. Tax Charges

As part of the tax-evasion settlement, Bank Hapoalim B.M. admitted the firm conspired with U.S. taxpayers

Wealthy Move Their Money To Tax Havens

"This has been a resounding success that has far exceeded our plans," said Sergio Ermotti, the bank's CEO, addressing asset management inflows.

IRS Rules Make Nonprofits’ Offshore Tax Strategy ‘Bullet-Proof’

Many nonprofits invest cash in offshore intermediaries

Russ Prince: Rich Dodge All Taxes By Being Perpetual Tourists

The situation becomes somewhat more complicated when the wealthy perpetual tourist seeks to manage his or her business enterprises and at the same time ensure a high-intensity lifestyle.

Private client considerations: Expanded tax deductions for your interest expense payments with the CARES Act

The benefit of this change is that taxpayers may be able to deduct more interest expense in 2019 and 2020