Managers of Wealth Americas

Significant audit and corporate governance reform on the horizon

The package of proposals are of particular importance to very large businesses, their directors, investors and auditors.

GeoWealth Enhances its Enterprise Technology Platform by Integrating 55ip’s Tax-Smart Portfolio Implementation Capabilities

Ongoing tax-loss harvesting and tax management capabilities are critical to advisors seeking to grow their business

Is it time to strategically transform tax operations?

New tax operating models can help investment management firms focus on strategic issues while saving cost

Bipartisan group mulls tax provisions for potential climate change bill

Senate Finance Committee member Bill Cassidy, R-La., was quick to clarify to reporters following the meeting that he does not view the concept as a carbon tax, adding, “I’ve spoken to Republicans who are very interested in this.”

Cleary Gottlieb Adds Two San Francisco Bay Area Partners

Tax Partner Maureen Linch and IP Partner Marcela Robledo Expand Corporate Capabilities

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F

Tax Treaties and Exempt Income

A person is considered to have substantially complied with the visa requirements if they have not engaged in activities that are prohibited by U.S. immigration laws

Millionaires Fleeing South From New York Tax Smack

Despite constant bashing from class-warfare-obsessed progressives, those much-maligned millionaires and billionaires generate most of the city’s and state’s tax revenues.

Better Report Your Offshore Assets

The CRA's multi-pronged pursuit has left tax evaders fewer places to hide. If you have unreported investments, now may be a good time to disclose them.

World’s first UN Tax Convention draft is antidote to sanctions-busting financial secrecy, campaigners announce

The draft convention would bring transparency to the estimated $10 trillion held offshore anonymously by wealthy individuals and the $1 trillion in profit shifted by multinational corporations across borders every year.

How a Tiny Tennessee Court Case May Shape the Future of Digital Assets: A Dispute over a $3,800 Tax Bill Could Have Billions of Dollars in Consequences

In essence, this staking process lets validators use tokens they already have (and a relatively small amount of computing power) to obtain additional tokens.

Tax Meets ESG: Emerging Corporate Governance Risks and Opportunities

Companies must be prepared to respond to the increasing pressure for tax transparency. At a minimum, this preparation enables the company to control its tax narrative.

Increased US Gift and Estate Tax Exemptions and Further Planning Opportunities in 2022

The maximum gift and estate tax rate remains at 40% of the fair market value of the relevant assets.

US Tax Issues For Non-US Crypto Investors

This is because, for US tax purposes, gain on the sale of property is generally treated as tax-free foreign source gain in the hands of a foreign seller.

New Attribution Requirement Denies Foreign Tax Credits for Certain Withholding Taxes (And Other Taxes)

In particular, the Final Regulations adopt a new “attribution requirement” (Attribution Requirement) that restricts the availability of FTCs to foreign taxes that the Treasury and the IRS consider to be similar to US taxes.

RSM reports 15.8% revenue growth, promotes 83 to partner and principal in US

North America recorded 15% revenue growth, with consulting services growing by a blistering 50% in 2021. RSM’s Europe and Africa regions also had 15% revenue increases, while the Middle East grew 23%, Asia grew 20%, and Latin America grew 11%.

Elon Musk says his taxes are simple and that he doesn’t use offshore accounts or tax shelters in response to Sen. Warren’s ‘freeloading’ claims

The Democratic senator had accused him of “freeloading” over taxes after he was named Time’s Person of the Year, and Musk snapped back by calling Warren “Senator Karen.”

Tax