Managers of Wealth Americas

Biden’s IRS Crackdown Proposal Targets Rich Hiding Income

The release follows criticism from Republican lawmakers and tax analysts that the estimate is unrealistically high.

MPs braced for battle with global accounting firm over naming wealthy Canadians behind offshore tax shelters

Global accounting firms have mostly managed to keep their clients' names secret by arguing that their codes of conduct prevent them from publicly naming the multimillionaires behind the shell companies they helped to set up.

Swiss Life Settles U.S. Offshore Tax Probe

The recovery...sends an unequivocal message that offshore evasion is still a high priority of Internal Revenue Service Criminal Investigation

FundCount Wins Best Accounting Solution at Family Wealth Report Awards

Meets family office needs for a unified accounting, general ledger and reporting system

2020 boosts asset manager's tax teams in three key ways

Many tax departments now have innovative, cost-effective new ways to tackle old problems.

Rich Americans Fleeing Tax Hikes May Turbocharge Shift to ETFs

Wealthy face doubling of capital-gains rate under Biden plan

It’s Personal: Planning for New York’s Pass-Through Entity Tax

This Legal Update discusses the mechanics of PET and how to take advantage of it.

US president Biden seeks $80bn for IRS to crack down on tax evasion

IRS chief Charles Rettig said earlier this month that tax evasion costs the US $1trn more each year.

US President Joe Biden to 'propose hiking tax on rich'

The plan would also nearly double taxes on capital gains to 39.6% for people earning more than $1m.

You heard NY finalized its budget: What does this mean for the art world?

While some may forecast a negative impact on the art market as collectors may have less cash in their pockets available for discretionary purchases (like art), we do not think this tax change spells all doom and gloom.

Here’s how to reduce exposure to tax increases with charitable contributions

The wealthy are facing a rise in taxes. Charitable donations are a way to reduce exposure while giving back.

Carlos Tevez seeks to avoid paying Argentina's new wealth tax

Boca Juniors striker files court injunction to avoid paying the country's new wealth tax, the latest example of the difficulty in making millionaires comply with the levy.

New US proposals for reforming the international tax system

The Organisation for Economic Cooperation and Development (OECD) has been working on proposals for addressing the tax challenges of the digitalisation of the economy for a number of years.

Entry into force of double taxation agreements with Brazil and Saudi Arabia

The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021.

New York, Finally, Taxes the Rich

A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion.

Just 500 households in New York City will pay the highest rate in Cuomo’s millionaire-tax hike and suicide deaths fell during the 2020 pandemic — but why?

The proposed tax on residents making $1 million a year or more will hit nearly 123,000 New Yorkers across the state.

Tax