Press Room: US Tax

Implications of IRS Cuts to Transactional No-Rule List – Marek Krawczyk

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US Taxpayers Saving for Retirement – Mike Haynes

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The standards are coming! The standards are coming! – Zoe Wyatt and Dion Seymour

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13 Thursday, 2021

President Biden Proposes Tax Increases for Wealthy Individuals and Greater Funding for IRS Enforcement

The American Families Plan includes $1 trillion in investments and $800 billion in tax credits aimed towards children and families. To finance these objectives, the plan contains a number of tax provisions targeting high-income individuals and providing for increased IRS enforcement activity. The plan represents the second part of President Joseph Biden’s Build Back Better agenda, following the $2.3 trillion American Jobs Plan released a few weeks ago.

22 Thursday, 2021

Hybrid Mismatch Rules: Heads I lose, tails you win

Andrew Parkes, National Technical Director, and Miles Dean Head of International Tax, discuss the Hybrid Mismatch rules between the US and UK.

18 Thursday, 2021

LLC’s Again – Here But Not There

Andrew Parkes, National Technical Director and Miles Dean, Head of International Tax, revisit US LLCs and discuss when they might be suitable for UK residents

10 Wednesday, 2021

US Gift and Estate Tax update

The IRS has now released the updated US gift and estate tax exemptions applicable from 1 January 2021.

4 Friday, 2020

Private Client Case Review: Henkes v HMRC [2020] UKFTT 159 (TC)

Head of International Tax, Miles Dean, and National Technical Director, Andrew Parkes examine the issue highlighted in Henkes v HMRC and what this means for residents of the UK who have not yet become deemed domiciled.

2 Wednesday, 2020

The UK: Blackrock Holdco 5 LLC v HMRC: Unallowable Purpose and Transfer Pricing

Head of International Tax, Miles Dean, and Partner, Zoe Wyatt consider the case of Blackrock and its far-reaching impact on corporate transactions and the concept of unallowable purposes.

10 Tuesday, 2020

The UK: VAT on UK e-commerce imports post-Brexit

Sarah Shears, Head of VAT Group, provides an overview of VAT and e-commerce in light of the end of the Brexit transition approaching.

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 LLP 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.