12/19/2019
Before the overhaul, companies were incentivized to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid ass
12/17/2019
Trusts and wills use “formula” clauses tied to the exemption amount – clauses that can quickly become outdated.
12/16/2019
Tax: a mulled whine?
12/16/2019
The Auditor Change was approved by TDAM's Independent Review Committee
12/05/2019
The agreement bolsters Friedman's technical and organizational resources dedicated to serving high-net-worth individuals, closely held businesses and family office clients.
11/27/2019
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/19/2019
The OECD asserts that the Unified Approach has been developed to “attract support from all members of the Inclusive Framework.” aily-tax-report/insight-23
11/19/2019
The acquisition brings Mercer’s total number of offices to 45 and increases the firm’s total AUM to approximately $17 billion, the release noted.
11/14/2019
It’s known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
11/12/2019
New OECD proposals on digital taxation would mean a substantial overhaul of Canadian tax rules if they are brought into effect, according to a new report from the C.D. Howe Institute.
11/08/2019
"We believe the value of retirement plans with the potential for tax-deductible contributions will continue to offer advantageous ways for tax-favored retirement savings."
10/25/2019
Thousands of ‘accidental' Americans have been told by their banks that they will lose their accounts unless they provide a US tax number before October 1.
10/21/2019
Taxpayers United of America also recently released the state's 600 highest pension payouts.
10/18/2019
Former Treasury chief says proposals likely unconstitutional
10/14/2019
The IRS has said that virtual currency is an ongoing focus area for IRS criminal investigations
10/11/2019
If Warren becomes Democratic nominee, the 2020 election would turn into a contest with Capital
10/10/2019
Resolving a long-standing question, the guidance says new cryptocurrencies created from a fork of an existing blockchain should be treated as “an ordinary income equal to the fair market value of the new cryptocurrency when it is received.”
10/04/2019
The tax group gave the highest competitiveness rankings to the countries with the lowest rates and easiest processes to comply with the tax laws.
09/26/2019
The tax continues to increase with income, so net worth between $250 and $500 million is taxed at 3 percent, $500 million to $1 billion at 4 percent, $1 to $2.5 billion at 5 percent, $2.5 to $5 billion at 6 percent, $5 to $10 billion at 7 percent, and all
09/20/2019
Switzerland said requests for information may be submitted from the date of entry into force of the Protocol, September 20, 2019.