05/01/2017
US Expats FACE FATCA Tax Filing Dilemma
The IRS would accept three years of filings and tax payments while writing off previous undeclared years and promising no legal action.
Tax
04/30/2017
Trump cuts spark fears of global tax war
Planned dramatic tax reform could increase competition between countries, pushing economies into the red
04/30/2017
Accidental Americans Caught In FATCA Net
The Canadian Revenue Agency has passed on reports about 469,827 accounts, but knows nothing of the other disclosures.
04/28/2017
Trump’s tax cut plan will wreak chaos and incite ‘tax war’, says Chinese commentary
People’s Daily article reflects Beijing’s concerns about Trump’s tax proposal
04/27/2017
Canadian businesses pull money out of tax havens
Increased scrutiny of tax havens brought about by the Panama Papers may have played a role in reducing investment in tax havens.
04/26/2017
White House unveils largely familiar tax reform principles
The administration did not couch its principles in legislative language, nor did it provide technical descriptions explaining how specific provisions would operate.
04/25/2017
Will Hedge Fund Millionaires Flee South If They Face Higher Taxes?
That does not mean the fight over the carried interest tax loophole is dormant
04/25/2017
Some Canadian bank record information being sent directly to IRS
There are entities that do not meet the technical definition of a reporting Canadian financial institution, as per the legislation.
04/24/2017
Miami Lures Another Brazil Bank as Amnesty Unlocks Hidden Wealth
A second phase of the program kicks in this year.
04/24/2017
Debit cards, Offshore Funds and a John Doe Summons
Others have employed foreign trusts, employee-leasing schemes, private annuities or insurance plans for the same purpose.
04/24/2017
Trump to Push 15 Percent Corporate Tax Rate
he president on Wednesday will reportedly unveil a plan calling for significant corporate tax cuts.
04/21/2017
Panama Papers law firm boss sees tax shelter boom in US
Law firms in Panama have been required to undertake due diligence — to know their clients and the final beneficiaries of the companies they create — since 2015.
04/21/2017
WSJ Wealth Adviser Briefing: Trump’s Tax Overhaul, Working With Widows
Curated news and analysis for wealth advisers and their clients from WSJ reporters and columnists and beyond
04/18/2017
For the sake of American taxpayers, companies must pay their fair share
In fact, when Americans were asked in 2014 how best to strengthen our economy, the number one response was “ask the wealthy and corporations to pay their fair share.
04/18/2017
Hedge Fund Tax A Bad Idea
Hedge fund managers don't need to live in Connecticut.
04/17/2017
This Man Can Help You Escape the IRS Forever
A handful of relatively stable nations court wealthy foreigners with sweet tax deals if they become citizens.
04/13/2017
US Companies Stashing Trillions Offshore
Oxfam estimated that for every USD 1 that the companies spend on lobbying, they receive an estimated USD 1 200 in tax breaks.
04/10/2017
FATCA Dubbed A Failure By Repeal Campaigners
Instead of boosting treasury revenues by the $10 billion stated by the IRS, FATCA is unlikely to have recouped more than $100 million in unpaid tax and costs far more to run than is gathered in lost tax, says Nigel Green, who is leading the campaign to re
04/07/2017
Illinois blacklists Barbados as ‘tax haven’
The new measure also restricts “expatriate corporations” in the countries named from doing business with the State.
04/06/2017
New Bills Take Aim at Offshore Tax Haven Abuse
Stop Tax Haven Abuse Act and Corporate EXIT Fairness Act Would Close Many of the Most Egregious Offshore Loopholes