Managers of Wealth Americas

Why a 70% Top Tax Rate Will Miss Its Mark - Wharton

Predictably, battle lines quickly were drawn between proponents and opponents of tax increases.

Millionaire (and billionaire) taxes: An idea whose time has come?

The issue is rekindling an old debate between advocates for a progressive wealth tax who say it would raise federal revenue while shrinking the gap between rich and poor, and detractors who argue it would demoralize "job creators" and discourage

Repatriation Tax Confusion Leaves Companies ‘Fired Up’

The repatriation tax created a one-time 15.5 percent tax on cash and cash assets, and a 8 percent tax on illiquid assets

Credit Suisse warns of higher tax rate under new US rules

The rule applies to corporate taxpayers with gross receipts of more than US$500 million

The super-rich are an easy target for tax

Attempts to raise revenue must include the comfortably off as well as the ultra-wealthy

Gary Cohn says a U.S. wealth tax would be 'harmful' to the economy

"The U.S. tax code is very, very complicated," Cohn says

The IRS’s Updated Voluntary Disclosure Procedures for Offshore Accounts and Assets

As part of the program, taxpayers would receive protection from criminal prosecution for failing to previously report their foreign accounts and the income from those foreign accounts

Canada Revenue Agency launches 100 audits after Paradise Papers leak

Tax authorities identified 3,000 people or corporations connected to Canada in the Paradise Papers leaks but have not yet recovered any money.

Hawai‘i Could Recover $38M Lost to Corporate Tax Loopholes

For years, some corporations that do business here in Hawai‘i have avoided taxes by booking profits made in America to tax havens—like the Cayman Islands

IRS Issues Final Tax Rules for Offshore Corporate Cash

The IRS, which is one of the agencies affected by the shutdown, has a separate budget to work on

Why ‘Taxing the Rich’ Falls on the Middle Class Instead

The motivation behind the tax was to bilk the rich to reduce the national deficit with targeted taxes.

Miami Woos New York Homebuyers Fleeing Over Tax Law

The tax law limits deductions for state and local taxes, including property tax, to $10,000.

US bill moves to end double taxation of Americans living abroad

"This common-sense bill takes a huge step towards ending the outdated, backwards policy of double-taxation of American citizens living abroad," Holding stated.

How tax reform in Costa Rica will affect your business

A 2% tax will be levied on medical products, raw materials and machinery used for production, insurance premiums, purchase and sale of university issued products. Basic food necessities from a specific list will be charged a 1% tax.

Alexandria Ocasio-Cortez floats 70% tax on wealthy to pay for 'Green New Deal'

Rep. Alexandria Ocasio-Cortez says people would need to "start paying their fair share in taxes" to underwrite her "Green New Deal."

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

The Trump Tax Cut: Even Worse Than You’ve Heard

Skeptical reporting has still been too favorable.

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

New bill could lessen tax woes for Canadian residents with U.S. citizenship

But the outlook is bleak for thousands grappling with Trump's repatriation tax

The impact of US tax reform year one

Learning from the past to manage future tax reform implications