Managers of Wealth Americas

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.

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.

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.

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

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.

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.”

Florida Law Professor Names Cryptocurrencies “Super Tax Havens”

Under the current system employers are required to report employee earnings as well as company profits

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.

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.

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

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.

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.

Bankers push 'tax-dodge' M&A deals

The Obama administration has proposed legislation that would severely restrict the ability of US companies to invert

Billionaire investor Threatens To Dump Companies That Move Offshore

The Mavericks owner is known for his loud and sometimes distasteful comments.

Obama blasts US firms for 'magically becoming Irish' in controversial tax switches

US President Barack Obama has blasted American multinationals that move to Ireland to cut their tax bill.

New U.K.-Canada tax treaty lets authorities do audits in other country

Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.

Private client group gains drive Raymond James to record quarterly profit

Pretax earnings jump 39% to $81.5 million; profit margins hit 10%

State Street's securities finance revenue soars

State Street currently provides custody, securities lending, fund accounting, risk analysis and performance measurement services

BVI publishes draft FATCA Guidance Notes

In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.

Renaissance, Barclays, Deutsche To Explain Tax Treatment

Renaissance Technologies is a hedge fund known to use quantitative methods to obtain an advantage in the market.