Tax Haven A tax haven is a place where private individuals place their assets in a foreign jurisdiction in order to protect themselves from high income taxes and currency conversion rates. Tax havens have a negative connotation as having associations with illegal activities. In reality, people looking for legitimate international tax planning opportunities employ tax … Read more
Senior figures from the international banking industry have been meeting with high-ranking officials from within the Obama administration to express their concern over proposals to strengthen the Qualified Intermediary (QI) program. The QI program was established in 2000 to encourage foreign banks to report details of their US clients to the US Internal Revenue Service … Read more
Here is a checklist of different types of income, as specifically applicable to the category of taxpayer known as Investors. The other categories – Employees, Small Business Owners & the Self-Employed and Retirees – will be discussed in future articles. Keep in mind, however, that any one taxpayer may fall in more than one of … Read more