2 Monday, 2020
The US: Biden vs. Trump: How would a change in the Oval Office impact my tax affairs?
Julian Nelberg and Luke Jenkinson discuss how the recent election result in the US will impact individuals’ tax affairs.
22 Thursday, 2020
2020 Presidential Candidates’ Tax Proposals
2020 Presidential Candidates’ Tax Proposals.
13 Tuesday, 2020
US/UK: No one expects the hybrid mismatch rules
Andrew Parkes, National Technical Director, discusses how a minority equity investment by a US entity into a UK one, followed by an arm’s length loan, was not within the hybrid mismatch rules.
12 Monday, 2020
A discussion of VAT in the light of Brexit
Sarah Shears, Head of VAT Group at Andersen in the UK and Benno Tamminga, Managing Director in the US National Tax Practice with Andersen and the firm’s Global VAT leader, discuss the impact of Brexit on both the UK and the US in the EACC’s ‘Brexit Musings’ podcast.
28 Friday, 2020
California Dreaming (or Nightmare?)
It is no secret that California tax rates can be brutal, with the top rate reaching 13.3% on all income (including capital gains), so it is important for individuals to understand the scenarios in which they will become liable to California taxes, and how not to get caught out and inadvertently subject to tax.
18 Tuesday, 2020
Treasury and IRS release long-awaited guidance on carried interest taxation
On July 31, 2020, the Treasury and IRS released proposed regulations regarding Sec. 1061’s carried interest rule, targeting incentive allocations made to fund managers.
7 Friday, 2020
IRS issues guidance on GILTI high-tax exclusion
The Treasury and IRS have issued final regulations allowing taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their global intangible low-taxed income (GILTI) computation on an elective basis.
19 Friday, 2020
IRS announces plan to increase audits of wealthy individuals
The IRS is getting ready to examine hundreds of high net worth individual tax returns, as soon as the current moratorium on investigations expires on 15 July.
14 Sunday, 2020
Pre-move planning for individuals considering moving to the UK
Individuals moving to the UK should have a basic understanding of the UK tax system before they move, and consider pre-arrival planning to optimise their tax and avoid adverse consequences. The issues are especially important for Americans, who remain subject to US taxes and are therefore at risk of double taxation.
11 Thursday, 2020
COVID 19: tax relief provisions for individuals and businesses – highlights of the key items
In response to the COVID-19 pandemic, Congress enacted massive relief packages – The Families First Coronavirus Response Act and the CARES Act – that provide significant tax relief to both individuals and businesses. Andersen USA have prepared charts that summarise the significant provisions for our clients.
11 Thursday, 2020
Top five UK issues for US taxpayers
In this article we provide an overview of the top five UK tax problems encountered by US citizens, for example with respect to trusts, US businesses, LLCs and UK residential real estate. We then explore some of the most commonly applicable solutions.
8 Friday, 2020
COVID-19 US finally offers relief to individuals and businesses with employees stranded in US
Treasury and IRS issued guidance providing tax relief to both individuals and businesses affected by travel disruptions arising from the COVID-19 pandemic.