01/26/2022
US Tax Issues For Non-US Crypto Investors
This is because, for US tax purposes, gain on the sale of property is generally treated as tax-free foreign source gain in the hands of a foreign seller.
01/25/2022
When the accountholders provide their information to a financial institution, they expect that the institution will use their information to comply with the law.
01/24/2022
Last year as part of Biden’s proposals we suddenly had refundable Child Tax Credits and the change to the Employee Retention Tax Credit on the employer’s side.
01/24/2022
Guernsey introduced such a measure back in November 2017 in a law which reflects much of the same language as that now proposed in Jersey.
01/21/2022
Governments need to ensure that the taxable profits of MNEs are not artificially shifted out of their jurisdiction and that the tax base reported by MNEs in their country reflects the economic activity undertaken therein and taxpayers need clear guidance
01/21/2022
In particular, the Final Regulations adopt a new “attribution requirement” (Attribution Requirement) that restricts the availability of FTCs to foreign taxes that the Treasury and the IRS consider to be similar to US taxes.
01/20/2022
As a reminder, effective 1 January 2019, the deemed tax credit regime whereby companies holding a Category 1 Business Licence were entitled to claim a deemed tax credit of 80% was abolished and replaced by a partial exemption regime on qualifying income.
01/19/2022
The asset was intended to be sold and the proceeds so derived by the Stiftung were to be distributed to the heirs of the founders.
01/19/2022
On 20 December 2021, the OECD published keenly awaited model rules designed to implement Pillar Two of its ambitious plans to reform international taxation.
01/16/2022
While the underlying law is relatively clear and well-established, there are still a few lesser-known legal risks to which employers are exposed
01/14/2022
The government’s consultation seeks views on the proposed tax - which will be operated on a country-by-country basis - and its application in the UK, including who the rules apply to, transitional rules and how firms within scope should report and p
01/13/2022
Given the lack of guidance from the IRS on such gifts, donors and recipient charities face a number of tax uncertainties.
01/12/2022
The UK government has today (11 January 2022) published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically implemented.
01/12/2022
Countries signing up to the OECD deal are not obliged to introduce the pillar two rules, but if they do so, they must follow the approach taken in the OECD model rules.
12/30/2021
There is an increasing overlap between legal and accounting, and so this partnership with Lawpath will ensure businesses right around Australia receive expert on demand advice to stay ahead and succeed with their business operations.
12/22/2021
Countries are not obliged to introduce pillar two into their own domestic laws.
12/22/2021
The editors discuss a time of overwhelming change and some of the investment trends in the private client arena.
12/21/2021
One other way to simplify year-end tax planning is to account for any relocation or taxable benefits for employees periodically, on a quarterly or monthly basis.
12/21/2021
The recent investment will provide capital to support the ambitious growth strategy of Clue across the next five years.
12/21/2021
An oligarch, a dictator’s aide and a beverage tycoon turned to America’s least populated state to shelter assets, the Pandora Papers show.