President Biden’s proposals present the most dramatic changes to US taxation seen in a generation. These proposals have collectively been presented in several plans, factsheets, an address to Congress, and the Treasury Budget plan. As presented, these proposals carry the theme of increasing taxes on the top income earners and wealthy individuals as well as tax increases […]

So, you’ve been living in the US, maybe you were born there, or attended university and then stayed. You’ve worked hard, built up some savings, maybe founded a successful business. Now you are heading elsewhere in the world. Maybe your spouse wants to be closer to family overseas or a new opportunity opens up; whatever […]

We first published the potential issues around working from home in July 2020. Below is an update. Imagine it is the first week of March 2020, you are sitting at a restaurant in California, sans mask of course, when you start to talk to your friends about this virus that is tearing through Italy and seems to […]

The UK Chancellor unveiled today the much-awaited UK Budget for the upcoming year. When talking about the current state of the economy, Rishi Sunak emphasised continuing to protect jobs and livelihoods, but also addressed a longer-term need to rebalance the public finances. We have highlighted some of the key points from an individual perspective: There […]

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 […]

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 […]

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 […]