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‘Retrocessions’: Does your Swiss bank owe you money?

Americans, Brits and others with Swiss bank accounts prior to 2012 are being warned that time is running out for them to get back any hidden commissions they may have paid. This comes in the wake of a recent Swiss Supreme Court ruling which updated four earlier decisions, and which, some say, has shone a […]

Tax-Exempt Entities (Pension funds, Charities, etc.) may be entitled to a refund

USTAXFS works with a number of IFAs, accountants, solicitors, and other professionals who provide guidance on issues related to tax. They occasionally provide us “guest” blogs which we are happy to share with you. Below is an article on tax-exempt entities planning provided by Willem Otterspeer, a partner with Otterspeer, Haasnoot & Partners BV.  Please note that these views do not […]

US Tax Considerations Where Employees Work From Home

The COVID-19 pandemic is significantly changing the conduct of business in the US.  Many employers, whether the result of government mandates or because of concern for the safety of employees, are requiring employees to work from home rather than commute to the office where they typically work. Because the US has multiple levels of both […]

ABA Highlights Tax Enforcement Targets

At the American Bar Association (ABA) Conference dated July 7, 2020, The Current State of International Criminal Tax Enforcement, it was announced that the US, Canada, The Netherlands, Australia, and the United Kingdom, (The J5), joined forces in June 2018 in Canada to share operational intelligence, best practices, and coordinate media campaigns and form a […]

Thinking About Retirement? Our guest author offers tips

USTAXFS works with a number of IFAs, accountants, solicitors, and other professionals who provide guidance on issues related to tax. They occasionally provide us “guest” blogs which we are happy to share with you. Below is an article on retirement planning provided by Ross Glanfield, a partner at LIFT Financial, Chartered Financial Planners. Please note that these views do not […]

Expatriation the Easy Way or How I Learned to Give Up My US Citizenship and Breathe Freely Again

Lefty Gomez, an all-star pitcher for the New York Yankees in the 1930s, is credited with saying “I’d rather be lucky than good.” He is also credited with earning the nicknames “Goofy Gomez,” and “El Goofo.” Still, I often think Lefty had it right and today could very well be your lucky day. If you […]

Retrocessions: Claims from Swiss Banks – Don’t Leave Money on the Table

Retrocessions were a hidden fee certain Swiss funds paid banks to funnel the banks’ clients into specific investment vehicles. This fee was hidden from the clients. The Swiss courts have issued various rulings between 2006 and 2017 relating to the refundability of the payments to the clients. The 2017 ruling set the statutory limitation period […]

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