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Byline: Your Turn, Joe Pennacchio As someone who cherishes New Jersey's rich agricultural heritage and its green, open spaces, I find it increasingly troublesome to witness the abuse of our [...]

The global economic downturn coupled with the continuous growth of public expenditures has prompted nations to recalibrate their tax frameworks to tackle budget shortfalls. The most straightforward and common approach [...]

This booklet explores the key concepts of the international tax system, including the principles of source and residence and the ways countries allocate taxing rights. It also addresses the issues [...]

A proactive approach to tax preparation can help minimize your tax bill and allow for more flexibility in planning Although only a few areas of tax law had significant changes [...]

In an era where global economic dynamics are increasingly influenced by regulatory changes, a significant development has emerged from the Internal Revenue Service (IRS) that promises to redefine the landscape [...]

Cyprus has established itself as a pivotal jurisdiction for international tax planning, attracting multinational corporations (MNCs) and high-net-worth individuals (HNWIs) with its strategic location, favorable tax regime, and comprehensive network [...]

Fiduciary services have long been a cornerstone of Cyprus's financial sector, playing a crucial role in supporting international business operations. The island's well-established framework for company formation, trust management, and [...]

On April 16, 2024, the Federal Government released its 2024 Budget. Among the significant changes, a proposed increase in the capital gains inclusion rate to 2/3 (two-thirds) beginning June 25, [...]

Part IVA overcomes deficiencies of the former section 260 of the Income Tax Assessment Act (ITAA), exposed by judicial decisions. Part IVA was introduced, albeit with limitations on scope, to [...]

Introduction On 17 June last, the Organisation for Economic Co-operation and Development ('OECD') released further Administrative Guidance on the 'Pillar Two' Global Anti-Base Erosion ('GloBE') Rules (the 'Guidance'). As anticipated, [...]

Byline: Julie Zauzmer Weil The Biden administration plans to stop businesses and wealthy individuals from manipulating the value of assets in arcane ways such as using the same assets over [...]

As we have previously reported in our update on the 2024 Federal Budget ('Budget 2024'), the Department of Finance announced a proposed increase to the capital gains tax inclusion rate [...]

self What is an SPV? A Special Purpose Vehicle (SPV) is a legal entity created for a specific purpose, such as isolating financial risk, raising capital, or holding assets. SPVs [...]

M2 PRESSWIRE-July 18, 2024-: Labour's War on Tax Loopholes Heats Up, But How Will They Win? (C)1994-2024 M2 COMMUNICATIONS RDATE:18072024 The newly elected Labour government has reaffirmed its commitment to [...]

The Treasury Department and IRS have just published proposed Regulations that would identify transactions resembling certain basket contract transactions as listed transactions per the meaning of Section 6011, making them [...]

On June 4, 2024, the Eleventh Circuit joined the Sixth Circuit in holding that IRS listing notices are invalid for violating the Administrative Procedure Act's (APA) notice-and-comment rulemaking procedures.1 The [...]

Post-mortem tax planning is a critical yet often overlooked aspect of estate management in Canada. This process involves strategic planning to mitigate the tax implications that arise after an individual's [...]

Investment tax planning is a crucial strategy for maximizing the returns on your investments while minimizing the taxes you owe. By understanding the various tax-advantaged accounts, deductions, credits, and strategies [...]

The long-awaited amendments to the value-added tax ('VAT') Domestic Reverse Charge ('DRC') Regulations on Valuable Metal were published on 10 May 2024. The amendments apply retrospectively with effect from 1 [...]

Navigating the complex landscape of corporate taxes in Canada can be a daunting task for any business. At Rosen & Associates Tax Law, we understand the intricacies of the Canadian [...]

Retirement planning is a crucial part of financial security, especially in Canada, where tax laws and retirement benefits offer unique opportunities and challenges. At Rosen & Associates Tax Law, we [...]

San Francisco, CA, July 11 -- (ReleaseWire) - 07/10/2024 -Handling small businesses' accounts is challenging. It requires experience to ensure accurate financial records and compliance with tax laws. A skilled [...]

Q: My partner and I use a life insurance-funded buy-sell agreement for our business. I saw a recent Supreme Court decision that discussed this very topic. How does that ruling [...]

'Every man is entitled, if he can, to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be.' Introduction Though the [...]

The UAE strategic location with access to international markets and a strong legal framework that supports business operations and wealth management enhance its appeal as a premier destination for wealthy [...]

What is the reversionary trust rule? A trust is a relationship where a person, called the settlor, provides cash or other property in trust for the benefit of others, known [...]

Highlights The U.S. Department of the Treasury and IRS proposed guidance addressing certain related-party basis-shifting transactions that, if implemented, could significantly limit the flexibility afforded to partnerships through previously accepted [...]