Managers of Wealth Americas

EY reports global revenues of US$40b in 2021

EY also announced a three-year expansion plan and a combined investment spend of US$10b between FY22 and FY24

The Case for a Robust Attack on the Tax Gap

The United States collects less tax revenue as a percentage of GDP than at most points in recent history

Grant Thornton and Topia team to deliver tax offerings for remote and hybrid workforces

Goal is to help organizations manage domestic and international regulatory, tax and compliance issues

US billionaires’ tax-saving ploys are giving others ideas, as politicians take note

An exposé provides a how-to guide for the aspirationally wealthy across America

Treaty relief for UK residents investing into the US

The CAA is welcome news for UK-resident individuals who make investments in US funds or US portfolio securities through EU-based holding company structures.

International Tax Reform…It Ain’t Over Yet

From a corporate perspective, if a venture is intended to be operated in a jurisdiction it is best to start that venture in that jurisdiction.

Richard LeVine featured in Wall Street Journal article on off-shore tax shelters

Richard adds that in addition to an IRS crackdown, the Treasury Department could seek changes to the Malta treaty.

KPMG debuts ambitious tax practice for US expats in UK and Europe

The KPMG team will be led by Linus Ostberg, who joins as director of the US tax practice of KPMG UK's family office and private client team.

IRS Gets Green Light to Seek Information from Third Parties Regarding Panama Offshore Legal Services

Although the government’s efforts to identify additional foreign assets and accounts is not surprising, the news release does provide another cautionary tale of the government’s power and reach to identify taxpayers who hold foreign accounts a

KPMG rated internationally as most familiar brand for Energy and Resources consulting

KPMG has been awarded the top score in an international study of brand recognition among Energy & Resources consulting firms.

Wealthy Americans Targeted by U.S. in Panama Tax-Fraud Probe

The order requires that they produce information about possible violations of tax laws by people whose identities are unknown

Withers partner discusses recent developments in US taxation of crypto investors dynamic market.”

The IRS is very focused on getting information about cryptocurrency investors, as their view is that there are a large number of such investors who are not complying with the current tax rules.

ESG Push for Corporate Tax Disclosures Gaining Momentum in U.S.

“Some investors, they don’t even like the word ‘tax planning.’ They don’t think it should be part of the vocabulary of a company,”

The IRS’ 'Dirty Dozen' Tax Scams for 2021

The IRS warns people to be on the lookout for promoters who peddle false hopes of large tax deductions from abusive arrangements.

Mexican legislative elections and the future of the tax reform

We don’t yet know the scope or dynamics of this possible tax reform

Trump Organization: Top executive charged with tax crimes

Mr Trump, who inherited money from his father and went on to become a property developer, is the first president since Gerald Ford in the 1970s not to have made his tax returns public.

House approves corporate governance package with country-by-country reporting mandate

Corporations subject to the disclosure rules generally would be required to report information

Current New York Tax Considerations for Asset Managers—Part 1, Sourcing Fee Income in a Remote Work Model

Remote work presents an opportunity to reduce the New York tax burden on fee income, but NYS and NYC each present their own considerations, which must be addressed to properly capitalize on it.

One Small Step but (Perhaps) One Giant Leap for Global Tax Reform: The G7 Agrees on a Broad Framework for Pillar One and Two

As discussed below, there is still much work to do to flesh out the details of the framework

CRA audits of ultra-wealthy Canadians yield zero prosecutions

The absence of criminal charges against high-net-worth residents comes in an era of rising wealth inequality