Income tax treaties with two key U.S. trading partners received long-awaited updates that went into effect as early as August 30, the Treasury Department announced last week. The two protocols, amending U.S. treaties with Japan and Spain, were negotiated during the Obama administration but had been held up for years in the Senate over taxpayer […]
The IRS has provided filing relief to U.S. partnerships caught betwixt and between proposed and final guidance that required very different approaches to the reporting of a key income item. The relief should prevent many partnerships from having to make a difficult choice between the headache and expense of re-issuing K-1s or the threat of […]
Cyprus Implements ATAD In light of EU Anti-Tax Avoidance Directive (ATAD), the Cyprus House of Representatives on April 5, 2019 voted into law (applicable from January 1, 2019) the partial implementation of legally-anti-abusive measures. These measures include the ‘interest limitation’ rule, the ‘general anti-abuse’ rule, and the ‘controlled foreign companies’ rule. The rest two measures […]
For some attorneys, there is no substitute for practising in a boutique, where they say the quality of the work, training and personal attention to their career development is unparalleled. Big Law is making strides in trying to improve the experience for young lawyers who are demanding a better work-life balance. Longer parental leave, unlimited […]
U.S. companies that entered into qualified cost-sharing arrangements (CSAs) with foreign affiliates may soon find themselves in the audit hot seat, as the IRS has officially re-opened the door to examinations of stockbased compensation in CSA structures. The decision, announced in a memo to IRS Large Business & International Division employees that was posted to […]
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IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Peter Van Veen of Zirkzee Group. Peter has joined IR as our exclusive Tax (Private Client) Member in the Netherlands. Peter is managing partner at Zirkzee Group accountants and tax lawyers, a top 75 firm in The Netherlands, with 4 equity partners […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Kenneth van Randeraat of Zirkzee Group. Kenneth has joined IR as our exclusive Tax (Private Client) Member in the Netherlands. Kenneth is HR-manager / Consultant Employment Services at Zirkzee Group accountants and tax lawyers, a top 75 firm in The Netherlands, with […]
A DTT between Cyprus and Kazakhstan has been signed and ratified by Cyprus on the 15th of May 2019. The DTT is expected to “enter into force’ as from the 1st of January 2020, provided that the various legal procedures involved are finalized. Kazakhstan currently has the largest and strongest performing economy in Central Asia. […]
The presenters will provide an overview on foreign financial accounts, private banking in Switzerland, investments, asset protection, client responsibilities, and FATCA, followed by a thorough discussion on tax reporting and compliance, penalties for non-disclosure, and options available for remedying non-compliance. Lastly, there will be an in-depth discussion on tax preparation for foreign transactions, distinguishing between […]
The past decade has seen a marked increase in effort from the international community to combat money laundering. As new opportunities to launder money have arisen, aided by technology and […]
Read moreFollow links to the IPB Tax, Trusts & Estates Newsletter In This Issue: Tips to Avoid Probate – Creating jointly titled property and proper beneficiary designations, transferring property to an LP, LLC, or revocable trust, and planning for non-domiciliary assets may avoid the expense, hassle and intrusions of probate. Planning When Death Seems Imminent – Empowering trustees […]
