Managers of Wealth Americas

Brookfield faces allegations of tax avoidance ahead of AGM

Jason Ward, principal analyst at CICTAR in Sydney, questioned whether Brookfield can claim to be a responsible investor.

Avantax Reports Robust Recruiting Pipeline as Prospects Continue to See Tax-Advantaged Wealth Management as a Preferred Growth Pathway

Avantax reports more than $228 million in newly recruited assets during 2023’s first quarter with continued interest from growth-minded independent financial professionals and accounting firms

‘Excessive wealth disorder’: Should the ultra-rich pay more to help solve America’s problems?

The think tank promotes adding special surtaxes for ultra-wealthy people, imposing a “wealth tax” on assets such as real estate, yachts and luxury vehicles, and increasing IRS enforcement on the super-rich.

For EY, breaking up is hard to do

But there is still a commitment to a split into two companies.

You’re Paying Taxes Today. The Rich Aren’t.

A recent study from academic and Internal Revenue Service (IRS) researchers found that wealthy Americans have stashed nearly $2 trillion in foreign tax havens, with much of that fortune linked to a handful of the country’s richest households.

How the wealthy borrow cheap cash to pay their taxes

But what's known as the "buy, borrow, die" strategy, a term coined by University of Southern California economist Edward McCaffery nearly three decades ago to describe how rich individuals avoid capital gains taxes on investment profits, is

Swiss Banker Admits Helping Hedge Fund Manager Evade US Taxes

The charge carries a maximum sentence of five years in prison, but Manhattan federal prosecutors agreed not to seek a punishment outside of 24-to-30 months.

Tax Considerations for High-Net-Worth Individuals in 2023

Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.

US sales tax rules: a quick guide for European companies

The US does not have a federal sales tax. Each individual state has its own sales tax rules and regulations.

State lawmakers to consider wealth tax on the richest Californians

The legislation would tax an extra 1.5% on Californians with a worldwide net worth of more than $1 billion starting January 2024.

Tax departments play a key role in corporate ESG strategies

Corporations’ contributions to the communities in which they serve is one of the biggest proactive drivers of a company decision to create and implement an ESG strategy.

Accounting Firm Topel Forman Partners with Avantax for Wealth Management and Financial Planning

Based in Chicago, Topel Forman is a full-service, 120-person public accounting firm whose services include tax, audit and advisory.

Baker Tilly acquires True Partners Consulting

The combination also expands Baker Tilly’s coast-to-coast footprint with locations in Tampa and Atlanta.

J.P. Morgan Asset Management Expands Tax-Smart Platform with the Addition of J.P. Morgan Tax-Managed U.S. - Large Cap Leaders SMA

Strategy is the first from J.P. Morgan to combine active management with portfolio customization, daily tax-loss harvesting, and tax-smart transitions

Tax