Managers of Wealth Americas

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.

IRS spent $380m but took ‘limited or no action’ on offshore tax dodges

As the International Consortium of Investigative Journalists and its partners have reported, the offshore financial services sector represents a major contributor to growing global inequality

Swiss Bank to Settle U.S. Tax Probe

The move means renewed momentum for a years-long tussle between Swiss banks and American officials which began with a criminal investigation into a first group of banks including UBS, Credit Suisse, Pictet and others.

Andersen Tax & Legal Debuts in Ecuador

Both firms are well-respected in their markets as leaders in the industry. Profile Cia, Ltda. led by Mauricio Durango and David Uribe, has a 20-year history specializing in domestic and international taxation, transfer pricing and corporate legal services

Worlds biggest corporate tax haven its no paradise island

They began their research by comparing the profits made within a country to the amount of corporate activity.

Mitchell Titus acquires Washington, Pittman & McKeever

The firm has grown over the years and is led by Lester McKeever, a CPA and attorney

Tax Loophole From 1960s Could Let Wealthy Tap 21% Corporate Rate

Passive income held offshore may benefit from arcane provision

Millionaires Leaving Calif. After Tax Hike

The new report updates information published six years ago that examined migration to and from California after a tax increase in 2004.

Facebook co-founder: Tax the rich at 50% to give $500-a-month free cash and fix income inequality

He says he's made "half a billion dollars for three years of work" based on the value of his initial stock in Facebook, and his "lucky break" is exactly what's wrong with America today.

IRS-CI Joins International Effort To Fight Tax, Cryptocurrency And Financial Crimes

Membership of the J5 includes the heads of tax crime and senior officials in tax agencies, including Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen-en Opsp

Tax chiefs unite to tackle international tax crime

HMRC has formed an alliance with tax enforcement bodies in 4 countries to share intelligence and expertise in the battle against international tax crime.

OECD launches largest source of comparable tax revenue data

“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.

The Tax Act Actually Promotes Off-Shore Tax Tricks

The Tax Act creates additional incentives to shift income offshore for purposes of tax avoidance, and what is worse, it creates incentives to shift actual jobs.

US expat business owners have a new tax to worry about

Americans with businesses abroad are on the hook for a new levy, known as the transition tax

Companies Race to Top Off Pension Plans to Capitalize on Tax Break

Employers have until mid-September to deduct retirement contributions before cut in corporate rate to 21% shrinks advantage

The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection

Court filings: KPMG employees would receive bonuses if their engagements received no comments from inspectors

Study: Tax havens and limited regulation increase risk for shareholders

Weak governance countries, such as China, are deemed to have limited rules in place to protect shareholders.

Rich Looking to Dodge Property Tax Caps Turn to Alaskan Trusts

By doing so, he says he’ll be able to preserve the write-off for about $50,000 in property taxes he and his wife pay each year on both homes.

How the world’s fastest man ended up owing $2.3M in taxes

Under the tax scheme, clients shuttled millions of dollars offshore through a colourful cast of characters, including a Bahamas-based businessman later accused of stealing $20 million, and his former partner, who was shot outside his office.

U.S. Companies Shelter 40 Percent Of Foreign Profits, Study Finds

The massive Republican corporate tax cut won't likely encourage the return of sheltered money to America.