Wealthy Chinese are facing a variety of new tax rules both at home and abroad. Some experts report that personal wealth in China skyrocketed to $24 trillion, with $1 trillion held outside the country.
If you have sought out the International Wealth Tax Advisors website, chances are that you too are seeking answers to the “Four Questions”.
The overarching concept of the U.S. tax system is to tax the economic substance of a transaction or series of transactions.
The defense of citizenship-based taxation and taxation of worldwide income rests on the belief that U.S. citizenship confers benefits independently of where a citizen resides.
Americans have been risk takers for as long as the U.S. has existed, and that mindset continues today.
Did you know that a new group of international tax compliance superheroes, the Joint Chiefs of Global Tax Enforcement, was formed in 2018?
As the use of cryptocurrency becomes increasingly common, regulation is quickly catching up –and that includes the IRS.
The ruling sets a precedent that has the potential to alter trust formation and how domestic and overseas assets are included.