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Tax

12/03/2017

US expat groups vow to continue fight to end citizenship-based tax regime, repeal FATCA

Saturday’s Senate vote saw 51 Republican lawmakers vote to approve the Senate version of the so-called Tax Cuts and Jobs Act, and 49 senators – all Democrats – voting against it.

11/30/2017

How Tax Bills Would Reward Companies That Moved Money Offshore

The Republican tax bills making their way through the House and Senate would allow companies to bring nearly $3 trillion in profits home, at greatly reduced tax rates.

11/30/2017

Senate GOP clears another hurdle on the way to tax reform vote

The biggest shift could be adding a "trigger" mechanism that would raise taxes if U.S. economic growth doesn't generate as much revenue

11/28/2017

Brazil Takes Aim at Investment Funds for the Wealthy

The government believes the closed funds are used by Brazil’s wealthiest families to invest large sums, often stemming from the sale of family assets.

11/27/2017

Central Bank Speaks To Tax Reform: Here's What To Watch

The dollar moved in lockstep with 10-year Treasury yields, which weaved in and out of negative territory before settling the day lower.

11/27/2017

Luring corporate money from tax havens is a big unknown for reform proposals

Big chunks of these profits weren’t earned where companies said they were earned

11/27/2017

Tax-hike fears fuel talk of HNW exodus from Northeast

Billionaire hedge fund managers have blazed the trail south in recent years.

11/26/2017

Effect Of Proposed Us House And Senate Tax Bills On Family Offices And Investment Vehicles

The House bill would allow a portion of net business income allocated by pass-through entities

11/26/2017

Seattle judge strikes down ‘wealth tax’ on people earning more than $250K

The tax was expected to generate approximately $140 million for the Seattle coffers.

11/17/2017

deVere CEO demands ‘firm action’ from Sec. Mnuchin on fatally-flawed FATCA

The requirement for all banks around the world to provide detailed information to the IRS about American account holders outside the United States has resulted in banks refusing service to them.

11/16/2017

House Passes Sweeping Tax Reform Bill

The first time in 31 years we are wiping the tax code clean and replacing it with one that is fairer and simpler for everyone.

11/15/2017

CEOs aren't so sure they'll invest their offshore cash in the U.S.

All of those earnings are trapped offshore and the penalty to bring that money back on shore is too high.

11/13/2017

Wealthy Americans sign letter asking Congress not to cut their taxes

The Congressional Budget Office's analysis of the House tax plan estimates that it would add $1.7 trillion to the federal deficit over the first decade.

11/06/2017

Paradise Papers Expose Rich And Famous Using Tax Havens

The paper called in the International Consortium of Investigative Journalists to oversee the investigation.

11/05/2017

A Republican tax plan that will help the rich and harm growth

Are shareholders really the most worthy recipients of a windfall?

11/02/2017

Rich Tax Dodgers Testify Against Their Own Banker

The taxpayers say Buck suggested they put their money into Bank Frey, Bloomberg writes.

11/01/2017

Why not add a 70 percent tax bracket for the uber-wealthy?

As long as we have a tax code rife with hundreds of specific personal and corporate tax deductions.

10/30/2017

The Tax Havens at the Heart of the Manafort Indictment

Cyprus, Seychelles, and St. Vincent and the Grenadines have long been criticized for their banking regulations.

10/29/2017

The 2018 Estate Tax Rules, and Why They May Not Matter

For this reason, there is a certain value of assets per person that can be excluded from the estate tax calculation each year.

10/26/2017

The Booming Business For Tax Specialists Serving The Super-Rich And Family Offices

Even more troublesome are the professionals that cross the ethical line.

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