Managers of Wealth Americas

Turkey, US agree to cooperate against tax evasion

Turkey's tax system draws more than two-thirds of its revenue from indirect taxes

Investor Control Dooms Private Placement Life Insurance Policy In Webber

Webber settled an Alaska Trust, taxed to Webber as a grantor trust.

Three Swiss Banks Agree to Pay $3.1 Million in U.S. Tax Program

Three more Swiss banks will pay penalties to the United States as part of deals that mean they will not face criminal charges for helping Americans avoid taxes.

Rand Paul Sues Obama Administration Over FATCA

Claims intergovernmental agreements are unconstitutional

U.S. Tax Court Issues Decision on Investor Control Over Variable Life Insurance Policy Assets

Although the Tax Court decided the case on extreme facts raised in the case

Philippines, U.S. sign deal to implement FATCA

The automatic reporting of financial accounts is premised on the appropriate safeguard measures to ensure confidentially of information

India, US sign FATCA to fight offshore tax evasion

Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.

Swiss banks agree US tax evasion deal with Justice Department

Two more Swiss banks have agreed deals with the US Justice Department over tax evasion by Americans.

India, U.S. to sign tax pact Thursday - sources

The agreement could result in a fall in investments from small U.S investors into India's equity and debt markets for some time

U.S. Sided With Tax-Avoiding Companies Over Contracting Ban

The Obama administration quietly handed a victory to U.S. companies that avoid taxes by claiming a foreign address

Jeffrey Webber's Cayman Insurance Shelter Nixed By Tax Court

Jeffrey Webber is a venture-capital investor and private-equity fund manager.

Untangling the FATCA Web for Hedge Funds

Fortunately for most management companies and investment advisor entities, they will likely fall under the “deemed compliant” definition

IRS Considers New Tax on Wealthy Families

The IRS wants to sharply curtail a favorite tax benefit affecting family partnerships and LLCs

KPMG And Dun & Bradstreet Alliance Addresses FATCA Due Diligence Challenges

Collaboration offers tool to simplify FATCA business entity compliance as 2016 deadline looms

Private Equity Star Wins U.K. Tax Fight After Trip to Wonderland

A private equity executive won his five-year legal battle with U.K. authorities to stop his fees from managing venture capital funds being taxed twice.

A.M. Best Comments on Proposed U.S. Tax Changes for Offshore (Re)Insurers

The Best’s Briefing, titled, “A.M. Best Comments on Proposed U.S. Tax Changes of Offshore (Re)Insurers, states that companies would likely seek operating alternatives to ensure capital efficiency if the tax benefits for offshore companies are

US foreign bank and financial accounts filing deadline looming

The taxman in the United States is reminding people with one or more bank or financial accounts outside the country that they need to file their Foreign Bank and Financial Accounts by the end of June.

Senate Introduces Bill to End Offshore Reinsurance Tax Break

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

Legislation Proposed To End Tax Break For Hedge Funds

The legislation that was introduced is the Carried Interest Fairness Act of 2015.

FATCA: Making First Submissions and Maintaining Compliance

While the Foreign Account Tax Compliance Act became law in 2010, it has been slowly transitioning to implementation