09/16/2014
OECD unveils new global plans to crack down on corporate tax dodgers
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
Tax
09/12/2014
Treasury Is Weighing Action on Hedge-Fund Tax ‘Loophole’
The Treasury, in an Aug. 9 letter obtained by Bloomberg News today, told Senate Finance Committee Chairman Ron Wyden that it’s concerned about such arrangements and is weighing legislative and administrative responses.
09/12/2014
Appeal Filed With The Federal Court Of Canada Seeking A Declaration That FATCA Is Unconstitutional And Should Not Be Enforced In Canada
Under FATCA financial institutions enter into an agreement with the IRS and to disclose the names of all U.S. persons who hold accounts with U.S. $50,000 or more.
09/11/2014
US tax haven Delaware under pressure
That has now put Delaware, and other states that permit shell companies, in the sights of the US authorities, after they have campaigned against international tax havens like Switzerland to fight tax dodging and money laundering.
09/09/2014
A Progressive Estate Tax
In the year 2014, the U.S. has by far the most unequal distribution of wealth and income of any major country on earth.
09/08/2014
Millions of Americans in Canada downplay links to Uncle Sam
With the Canadian government’s decision to comply in July with a Washington tax crackdown on “U.S. persons” around the world, many Ameri-Canadians are feeling rising anger, fear and even hatred toward their powerful country of origin.
09/08/2014
CFTC Concerned Over Big Banks Transferring Trading Operations Offshore
The Commodity Futures Trading Commission is wary of banks invoking guarantees on foreign swap deals, and is taking steps to scrutinize such activity
09/05/2014
Film Says Corporate Tax Avoidance Clouding Modern States
While the practice of corporate “inversion” may be generating headlines in the business world, a new documentary argues the larger issue of tax avoidance has become a major subversion of the global order.
09/04/2014
Accounting firm Baker Tilly merging with ParenteBeard
Combined firm further strengthens presence in Northeast Corridor, bolsters industry and service specialization strategy
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.