Without trying to sound cliché, Karl Marx once wrote: “History repeats itself, first as tragedy, second as farce.” This seems to be the state Western liberal democracies find themselves in these days. Big governments with… Read More »The Pending Paradigm Shift
I would argue that HNWIs both in Asia and the Americas should now start to look at effective investment migration strategies that allow one to hedge their bets. As this article in Asia Nikkei and… Read More »Wealthy beware
On March 25, 2021, Senator Bernie Sanders introduced legislation entitled “For the 99.5% Act.” The aim of the bill is to tax the fortunes of the top 0.5% of wealthy Americans. This is the first… Read More »For the 99.5% Act
Saw an interesting piece on crypto-currencies and tax regimes in Wealth Management. Worth the read.
In the waning days of the Trump Presidency a little known act – the “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2019” – was passed into law as part of the reconciled National… Read More »FATCA and Foreign Bank Accounts
Came across an interesting piece in the New York Post regarding NY state legislature proposing an additional USD $7bn in new and increased taxes on businesses and the ultra wealthy. What legislatures continually fail to… Read More »NY Beware. Americans are looking elsewhere.
The United States has never had a wealth tax. European nations have had such things, but many of repealed them over the last few decades. Simply put, wealth taxes don’t work for they spur capital… Read More »Democrats push for a ‘Wealth Tax’
With the Democrats now controlling Congress and the Presidency, the new Biden Administration is set to fundamentally change the nature of tax. How this will impact Americans and business remains an open question. What is… Read More »US taxes set to rise
As this year’s US defence appropriations act demonstrates, there seems to be a growing international trend on the part of governments to create a baseline in terms of disclosure of beneficial ownership. How a new… Read More »US ends UBO privacy
Argentinians normally look to Uruguay and then the United States when thinking about tax planning. Those routes seem now insufficient, given the political shift. Arguably, Latin Americans, and even North Americans, with means should now… Read More »Argentina and taxes
With the Democrats now solidifying around a Biden-Harris ticket, the U.S. faces a real choice. Continue with the Trump-Pence paradigm or reject it in favour of something just as earth shattering. Never has politics been… Read More »Tax their obscene wealth.
With concerns over challenges posed by China, the US government recently introduced new measures designed to enact control over the transfer and use of US goods and technologies both in the US and abroad. Applicable… Read More »US expands restraints on transfer of sensitive good and technologies
The US has put the WTO Appellate Body into crisis mode. Since the advent of the Trump administration, the US has consistently blocked appointments and reappointments to the WTO Appellate Body. As a result, the appellate… Read More »US puts WTO into crisis mode
US banks have begun applying the US Treasury’s new customer due diligence regime, requiring them to verify the identities of new business customers’ beneficial owners, and report them to law enforcement agencies. The rules were… Read More »US customer due diligence regime goes live
As the oil and gas industry strengthens with eyes on rising commodity prices, costs and emerging technologies, there are certain trends developing for 2018 that the industry should also keep in mind. Will 2018 be… Read More »Oil and gas industry strengthens