Managers of Wealth Americas

Big four audit firms behind global profit shifting

Little changed except the bookkeeping. Parts were still shipped from suppliers to a warehouse in Morton, Illinois, then shipped from the warehouse to independent dealers.

Compliance With FATCA ‘Inevitable,’ Says Withers

As a result, every US passport holder living in Kuwait is now responsible to pay taxes to the IRS

Impact of FATCA on BVI Entities

This publication provides a brief overview of the expected impact on entities incorporated in the British Virgin Islands (the “BVI”) of (a) the foreign account tax compliance provisions

U.S. lacked hard proof in tax trial of ex-UBS banker, jurors say

A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the Swiss bank's global wealth management unit, of conspiring to defraud the Internal Revenue Service.

Changing the Perception of Offshore Jurisdictions

The U.S.’s enactment in 2010 of the Foreign Account Tax Compliance Act , or Fatca, sent a jolt through the offshore industry.

Bank-Data Sharing Accord Expands Push to Find Tax Cheats

A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.

Too Big to Tax: Settlements Are Tax Write-Offs for Banks

At the Justice Department, senior officials like to congratulate themselves on the headline-making, big bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American finan

FATCA: practical compliance for non-US private trust companies and their trusts

Compliance for a foreign trust with a foreign professional trust company as trustee is relatively straightforward.

How Taxes And Trading Costs Kill Investment Returns

Underperformance, high fees and tight regulations are creating an environment ripe for disruption. I am constantly on the lookout for innovative technologies and business models that address the inherent problems of asset management.

J.P. Morgan seeks tax aid on NYC buildings

As a mayoral candidate, Bill de Blasio denounced city tax breaks for large corporations. Now he is considering a pitch by an employer for fewer New York jobs instead of more.

Ex-UBS Banker Gives Florida Jury Primer on Swiss Bank Secrecy

We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher

Tax Officials Express Doubts About Fatca

As the law’s provisions have been phased in, some U.S. citizens who are living permanently abroad have given up their citizenship to avoid inadvertently triggering steep tax bills.

Tough talk on tax means nothing if every country does different things

Obama and Osborne have been quick to promise an end to avoidance. But this is best achieved through collective action

First FATCA Fraud Goes Before US Courts

Lawyers say this is the first time a FATCA violation has led to charges before a court and shows the willingness of the US tax authorities to impose strict compliance with the new rules.

Hedge fund managers to increasingly defer performance fee pay-outs

The annual payment of performance fees had irked some investors

U.S. Regulators Probe Bank Maneuver To Cut Hedge Funds' Taxes - WSJ

A trading strategy employed by large banks to help hedge funds and other clients cut taxes has drawn criticism from U.S. authorities

Many of the more than 100 Swiss banks facing U.S. allegations that they helped Americans evade taxes will have to wait until 2015 to settle the disputes

Swiss Banks’ DoJ Emissary Sees Tax Spats Drag on in 2015.

Tax