12/31/2015
Really rich people are suddenly paying quite a bit more in taxes
The effect has been to create a kind of private tax system, catering to only several thousand Americans.
Tax
12/30/2015
For the Wealthiest, a Private Tax System That Saves Them Billions
The very richest are able to quietly shape tax policy that will allow them to shield billions in income.
12/30/2015
Financial Services Companies Seek Exceptions to 367(d) Rules
Each commenter noted that financial institutions operating abroad have been under increasing pressure to reorganize foreign branch operations into locally incorporated subsidiaries.
12/21/2015
Tim Cook says charges of Apple tax avoidance are 'total political crap'
Appls keeps most of the money it generates overseas parked offshore.
12/21/2015
US expats warned on new tax law
Under the new act set to take effect on 1 January 2016, the Internal Revenue Service (IRS) will compile a list of Americans in violation of the new rule.
12/18/2015
Swiss-Banking Lawsuit Against IRS Could Have Wide Impact
Bernhard Gubser says his failure to declare assets that were in his UBS account in 2008 was an innocent error
12/16/2015
Swiss Bank Hid Assets for Jews in Wartime, Then Tax Evaders
Dreyfus avoided U.S. prosecution by agreeing to pay $24.2 million and admitting it “did not implement strict enough controls” to ensure that its American clients paid their taxes, the agreement says.
12/15/2015
No Good Deed Goes Unpunished
Unfortunately, their pledge to advance human potential and promote equality has been grossly misunderstood and mischaracterized.
12/08/2015
Minimize Hedge Fund Managers’ Deferred Compensation 2017 Tax Bill
An estate is required to report IRD when it actually collects the income.
12/08/2015
More than 50 banks which helped American clients dodge tax in Swiss bank accounts receive immunity from criminal prosecution in US
Some 57 companies have rushed to sign up to the Department of Justice’s ‘Swiss Banks Programme’.
11/30/2015
The Laterals Audit: This Month's Tax Attorney Moves
Holland & Knight LLP announced in early November that Sean Leonard, a partner with 15 years of experience in tax credit transactions, has rejoined the firm after a stint at Dentons.
11/25/2015
Advisers need to stay on top of tax game as IRS eyes audits for millionaires
The tax collection agency may re-evaluate high-income taxpayers and expand to ultra high net-worth
11/17/2015
Bernie Sanders’s claims about his $1 trillion infrastructure plan
“I do believe that we must end corporate loopholes, such that major corporations year after year pay virtually zero in federal income tax"
11/11/2015
New figures highlight why FATCA is a masterclass in fiscal imperialism and unintended consequences
America’s controversial global tax law, FATCA, has been slammed as ‘a masterclass in fiscal imperialism and the law of unintended consequences,’ by the boss of one of the world’s largest independent financial advisory organizations
11/05/2015
Brazil speaker faces ethics hearings over secret Swiss bank accounts
First-time legislator Fausto Pinato to lead investigation into Eduardo Cunha
11/04/2015
Trading, taxes stoke BTG Pactual profit despite provision ramp-up
Integrating BSI resulted in a significant jump in BTG Pactual's assets, loan book and wealth management proceeds in the quarter.
11/01/2015
Switzerland Joins the Crackdown on Secret Bank Accounts
U.S. expatriates and foreign account holders often are unaware of the U.S. tax laws that apply to them.
10/29/2015
IRS Has Gone Wild Over FATCA, But Watchdog Warns Of Compliance Glitches
The IRS says it is now swapping taxpayer data reciprocally with other countries.
10/25/2015
Sunlight on tax havens
This figure has important consequences, as it represents money that should be in the tax base.
10/15/2015
UBS Settles U.S. SEC Case Over Structured Notes For $19.5 Million
The return on the structured note is linked to the performance of the derivative over the life of the note.