Managers of Wealth Americas

Proposed international tax rules to treat affiliates as group

Noticeably absent from the proposed guidance is foreign tax credit computational rules, which will have to be addressed in future regulatory guidance.

How Puerto Rico Became the Newest Tax Haven for the Super Rich

A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman.

Andersen Global Continues South American Expansion

BKM Berkemeyer also specializes in M&A’s, joint ventures, foreign investment, infrastructure, project finance and financial transactions, advising also on issues regarding telecommunications, water and energy projects.

IRS Moves to Ease Pain of New Tax That Targets Offshore Profits

Rules for foreign tax credits won’t come for another 60 days

Canada, Others, Taking New Steps to Thwart Global Tax Evasion

The AEOI is designed to shine a new light on “offshore” investments and bank accounts, as it requires countries to automatically and annually exchange financial account information of non-residents with the account holder’s country of re

Half of U.S. foreign profits booked in tax havens, especially Ireland: paper

The research was made possible by the U.S. tax cut in December 2017 that contained a mandatory repatriation of profits, which allowed researchers to calculate the final tax bill for the companies.

The Three Tax Changes Most Confusing To Wealthy Clients

We’re getting a lot of questions from all of our clients, regardless of net worth

Time Is Running Out For Taxpayers To Take Advantage Of The Offshore Voluntary Disclosure Program

Additional filing requirements were written into the Foreign Account Tax Compliance Act, more commonly called FATCA.

Deloitte Tax looks at executive comp guidance

The Treasury Department and the IRS anticipate further guidance will be issued in the form of proposed regulations and that the proposed regulations will incorporate guidance addressed in the notice.

OECD releases fourth round of BEPS Action 14 peer review reports on improving tax dispute resolution mechanisms

A document addressing the implementation of best practices is also available for each jurisdiction that opted to have such best practices assessed.

IRS warns of looming deadline for US offshore amnesty

In the announcement, the IRS encouraged taxpayers who need to disclose non-compliant and unreported foreign accounts and assets to come forward before the September deadline.

CRA's tax evasion snitch line raked in 32,000 leads last year

Recent focus group questioned why agency would ask Canadians 'to turn against each other'

IRS Issues “Snapshot” Guidance on Qualified Retirement Plan Issues

The snapshots can be instructive for plan sponsors and plan administrators

Rich professionals using pension plans as a tax dodge

Due to the new tax law and how it handles pass-through businesses, cash balance plans are becoming popular for tax reasons.

The rise of the bean counters

Veteran consultant Andrew Wileman reviews Richard Brooks' book Bean Counters: The Triumph of the Accountants and How They Broke Capitalism.

Avoiding Tax Issues When Wealthy Clients Sell Appreciated Assets

"They may also incur the 3.8 percent Medicare surcharge.”

Inverted firms ponder US return after tax overhaul

Uncertainties about President Trump’s trade policies have also prompted the conversations, the advisers said.

Wall Street Fears New International Tax That Was Aimed at Tech

Bank lobbyists are now urging the Treasury Department to come up with a fix for last year’s tax overhaul that would lessen the pain from Gilti

OECD joins with Argentina to fight financial crime

We are very grateful to the Argentine authorities for supporting this initiative

New research finds 40% of multinationals’ profits shifted to tax havens

The EU is estimated to lose 20% of its corporate tax revenue through profit shifting.