Managers of Wealth Americas

Canada steps up efforts to fight tax avoidance

Canada signed the MLI in June 2017 and the Liberals promised in the 2018 federal budget to enact it into Canadian law.

Panama Papers data leak whittled down to only 150 taxpayer audits in Canada

The report was made public at the same time that CRA revelead that Canadian corporations avoided paying between C$9.4bn and C$11.4bn in taxes in 2014.

Corporate tax gap could be costing more than $11B

The gap is the biggest in a CRA series of studies

Windsor, London properties raided in $8.3M tax evasion probe

Despite the search warrants on Wednesday, the CRA said no charges have been laid.

Newly signed Brazil-Uruguay tax treaty will force companies to review structures

The Brazil–Uruguay tax treaty represents a change and its negotiation was probably motivated by Brazil´s threat to blacklist Uruguay for tax purposes.

Rich New Yorkers are fleeing to Miami to escape high taxes.

New York millionaires who relocate to Florida can save more than $1 million in taxes each year.

Latin America banking: HSBC fights back in Brazil

The BMA has called on the Government to immediately reform the pensions tax system to prevent more doctors from leaving the NHS.

VAT update: recovery procedure in the UAE and 2020 SAF-T confirmed in Norway

Need to catch up on what’s happening in the world of VAT and wider tax updates? Here’s a summary from our global tax team.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the

Make America Great Again by Cracking Down on Tax Havens

The U.S. has a lower rating on tax evasion than even the Cayman Islands—and far too many politicians are benefitting.

Taxpayers Should Prepare For The Next Penalty Battleground

Taxpayers have several potential defenses to the accuracy-related penalty depending on the ground upon which the penalty is asserted, including “substantial authority,” “reasonable basis,” adequate disclosure,” “reasona

CRA signs secret settlement with wealthy KPMG clients involved in offshore tax scheme

Watchdog group accuses the Liberals of covering up the KPMG affair

Voices Fostering post-tax season growth in wealth management

Have the rankings in order of best to worst and include fee information and net realization to the extent that you can produce it.

Minimizing (or eliminating) US tax on US source income and legacies for non-US charities

Based on this review and the charity’s affidavit, a qualified practitioner will be able to issue an opinion letter confirming that the charity is the equivalent of a US public charity or a US private foundation.

You Can’t Tax the Rich Without the IRS

Already, wealthy people and corporations easily get around today’s rules.

CRA steps up the fight

The Canada Revenue Agency has increased its enforcement on many fronts

Treasury Finally Gives Much-Anticipated Tax Shelter Guidance For Wealthy Investors

The newly-proposed rules translate into more clarity and more flexibility for investors in the Opportunity Zones

American insurance giant AIG looks beyond Big Four for auditor

The company, which is audited by PWC globally, is understood to have looked outside of the Big Four for its UK auditor

Swiss leaders upbeat after talks in US on tax and trade

Maurer said that the atmosphere at meetings of global finance leaders was more optimistic than last year, despite uncertainties that could have a negative effect on the global economy.

Andersen Global Expands Brazil Presence

The firm has 130 professionals in two offices in São Paulo.