January 13, 2015
On December 23, 2014, the Commonwealth Court of Pennsylvania logged another frustrating mile down the confused and confusing road of property tax exemption for purely public charities. In Fayette Resources, Inc. v. Fayette County Board of Assessment Appeals, the Court overturned a lower court finding that an operator of group homes for intellectually disabled adults…
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December 10, 2014
Some statistics rank London as the fourth largest ‘French’ city by population, and the number of French individuals moving to the UK is growing. This is not surprising – the UK offers a highly favourable tax regime for ‘non-domiciled’ individuals moving to the UK, while entrepreneurs, professionals and high net worth individuals in France are…
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December 10, 2014
Introduction Tax Information Exchange Agreements (“TIEAs”) provide for the exchange of information, on request, in respect of specific criminal or civil tax investigations.1 Since 2001 the Cayman Islands has signed over 30 bilateral agreements and arrangements of this kind which serve to promote the jurisdiction as an internationally co-operative jurisdiction on tax related matters and…
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November 22, 2014
1. The traditional attitude to tax avoidance is encapsulated in the judgment of Lord Tomlin in the English case of IRC v Duke of Westminster (1936): “Every man is entitled if he can to arrange his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he…
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November 18, 2014
Tax-saving strategies take time to implement, so it is important to not wait until the end of the year. This blog offers several midyear strategies for individuals to consider, including reducing taxable income, modified adjusted gross income (MAGI), and/or net investment income; contributing to retirement plans; and planning for medical expenses. In the quest to…
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