Ron Cohen of Greenstein, Rogoff, Olsen & Co., sent me this video of their weekly tax update focusing on “Dutch Sandwich” or “Double Irish” offshore planning. Offshore planning is something I’m familiar with – and I’ve been blogging about quite a bit – so I thought it made sense to share it on taxgirl.com. Enjoy.
You may think you know what a taxpayer with foreign assets looks like. It’s easy to paint a picture of the super-rich jetting off to the Caymans, but that’s more Hollywood-driven than real life. Taxpayers with control over foreign assets come in all shapes and sizes. It’s the executive who works in the U.S. on…
Mon Dieu! Is Gerard Depardieu bailing on France over taxes? It appears so. A French newspaper, Le Journal du Dimanche, published an open letter attributed to Depardieu in which he traded barbs with Prime Minister Jean-Marc Ayrault over the move. Depardieu had previously announced that he had moved to Belgium in order to escape France’s…
It’s rare that decisions regarding transfer pricing make big news. But this one is different. An IRS victory in the Ninth Circuit against chip company Xilinx Inc. earlier this week may change the way that companies allocate their costs for purposes of transfer pricing. The decision already has international tax practitioners abuzz. The facts of…
Follows are the prepared remarks of IRS Commissioner Doug Shulman before the 23rd Annual Institute on Current Issues in International Taxation, Washington, DC. I rarely use the “read more” feature on the blog but I did in this case because, well, the remarks are quite long. Worth the read, however. Shulman even tries his hand…
Exactly how big a bite does the tax man take from players? Depending on the country, top tax rates can range from 13% to over 50%. Here’s a glimpse at the top tax rates for each of the countries in the Round of 16.
Taxpayer asks: Hi Kelly, With all the publicity about UBS and foreign bank accounts, I have some concerns that a lot of parents may be sharing… I know you’re a mom too (though your kids are too young for you to have to worry about this right now!) But, if you were in my shoes,…