09/04/2014
Accounting firm Baker Tilly merging with ParenteBeard
Combined firm further strengthens presence in Northeast Corridor, bolsters industry and service specialization strategy
Tax
09/03/2014
Tax firm to revive Arthur Andersen name
A San Francisco-based tax-consulting firm run by former Andersen partners is buying the rights to the Andersen name and plans to rename the firm Andersen Tax.
08/31/2014
Companies find other ways to move offshore and avoid U.S. taxes
Some firms have left the U.S. system not through inversions but through buyouts by investment funds
08/31/2014
Arthur J. Gallagher & Co. Completes Acquisition Of Baker Tilly's Employee Benefits Business
Arthur J. Gallagher & Co. today announced that it has completed the acquisition of the assets of Baker Tilly's Employee Benefits Solutions business.
08/28/2014
Expatriate Tax Sense or Broad-Brush Overreach: The U.S. Foreign Account Tax Compliance Act
An effort to control tax havens for those hiding their assets overseas has resulted in broad brush impacts on hard-working expatriate Americans living and working out of country.
08/27/2014
Thomson Reuters Launches Checkpoint Learning Tax Research Certificate Program for Tax Professionals
Thomson Reuters today announced the launch of a new Checkpoint Learning Tax Research Certificate Program.
08/26/2014
Microsoft The Latest in Offshore Tax Evasion Club
“I don’t care if it’s legal; it’s wrong,” Obama has said
08/26/2014
Fox Rothschild adds tax/wealth planning partner
Fox Rothschild employs 28 lawyers at its downtown Pittsburgh office.
08/26/2014
United States: FATCA’s Impact On Preparing Trusts With Offshore Business or Investment Activities
A specified foreign financial asset is any financial account maintained at a foreign financial institution and also includes "any stock or security issued by any person other than a U.S. person.
08/25/2014
Tax Dodge Used by Bain Escapes Scrutiny on Inversions
There’s more than one way for a U.S. company to avoid taxes by claiming a foreign address.
08/24/2014
FATCA Alert: IRS Issues Final Version of the Form W-8BEN-E and Accompanying Instructions
Now, foreign individuals will continue to use a similar one-page Form W-8BEN.
08/21/2014
10 Facts About FATCA, America's Manifest Destiny Law Changing Banking Worldwide
It was quietly enacted in 2010, and after a four-year ramp up, it’s finally in effect. What is most amazing is not its impact on Americans—although that is considerable—but its impact on the world. Yes, the whole world.
08/19/2014
Ten Facts About FATCA, America's Manifest Destiny Law Changing Banking Worldwide
In 2009, the IRS struck a groundbreaking deal with UBS for $780 million in penalties and American names
08/15/2014
Former Bahrain Banker Pleads Guilty to $1.3 Million Federal Income Tax Fraud
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three false tax returns and failed to file a fourth return, resulting in a tax loss to the United States of more than $1.3 million over four years.
08/15/2014
Dropping corporate tax revenue worries feds, feeds concerns over tax breaks
Corporate tax revenues have dropped dramatically over the last two generations, feeding concerns among tax analysts about the recent rash of corporate “inversions.”
08/13/2014
Florida Law Professor Names Cryptocurrencies “Super Tax Havens”
Under the current system employers are required to report employee earnings as well as company profits
08/07/2014
Americans Give Up Passports as Asset-Disclosure Rules Start
The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.
08/04/2014
GOP governor candidate: Money channeled into Caribbean tax haven didn't affect his rate
Republican gubernatorial candidate Bruce Rauner funneled part of his wealth to a Caribbean territory long considered a tax haven, a business practice the venture capitalist defended on Sunday, stressing there was no impact on his personal tax rate.
08/01/2014
Completing the Puzzle: The Last Piece of Cayman’s FATCA Regime Falls into Place - Applby
The US IGA was just the first piece of the complex legislative process required to allow the Cayman Islands government and authorities to agree IGAs with other governments (a similar IGA was signed with the UK Government on 5 November 2013 (UK IGA)) and t
08/01/2014
An update regarding the new QI Agreement
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.