On March 1, 2017 we posted Another Travel Ban: Starting Next Month Your US Passport Will Be Revoked For Tax Debts! where we discussed that the tax code now provides for authorities to revoke or deny the passport of any US taxpayer who has unpaid taxes in excess of $50,000 or who have not obtained or…Read more
IRS Targeting Foreign Corporations Which Do Not File!
On February 7, 2017 we posted IRS Has 13 New Compliance Campaigns for LB&I Taxpayers where we discussed that Tax practitioners will face new questions from examination teams as the IRS selects compliance risks based on data, in the Large Business and International Division's (LB&I) move from individual audits of multinationals to broader considerations involving…Read more
Are You Hiding Assets in the BVI? Beneficial Ownership Register Starting July 1st!
On May 12, 2017 we poste Are You Hiding Assets in the BVI? NOT Anymore Your NOT! where we discussed that The British Virgin Islands’ Government signed new legislation regarding Beneficial Ownership & Technical Protocol with the UK which will come into force in June 2017, which is hoped to improve the exchange of beneficial…Read more
US Tax Planning After BEPS?
On June 6, 2017, we posted More than 100 countries conclude the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS where we discussed that more than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of tax treaty measures to update international tax rules and lessen…Read more