2025 Australian Federal Budget Summary On Tuesday, March...
In our 13th installment of the Family Office...
2024 Australian Federal Budget Summary On Tuesday 14th...
Do you have unreported foreign assets or bank accounts?
The new wave of information reporting is shaping the way global economies work together to tackle tax avoidance and financial crimes. As a... Read more
What is the New Voluntary Disclosure Program?
The IRS released a memorandum containing procedures for the Updated Voluntary Disclosure Practice (UVDP) on November 29, 2018. Similar to the OVDP, the... Read more
FATCA Has Covered You!
In our whitepaper, Interaction of Indian and U.S. Tax Laws, we examined and explained the interaction of Indian and U.S. laws. In doing... Read more
Foreign Trusts in the U.S.
Under the U.S. tax laws, foreign trusts (i.e., non-U.S. trusts) may be classified as grantor or nongrantor trusts. Generally, nongrantor trusts are not... Read more
U.S. Shareholders and Recharacterization of Income
Generally, under U.S. tax law, a foreign corporation may be classified a controlled foreign corporation (CFC) where it has U.S. shareholders. Additionally, a... Read more
Distribution from Trust to Beneficiaries
Trusts or foundations have been the most widely used entity form to pool, protect and administer assets. Our whitepaper, Interaction of Indian and... Read more