All things eventually come back into vogue, and the tax world is no different. In the early part of the 1980’s, C corporations were everywhere. Then, as part of the 1986 reform, Congress repealed the General Utilities doctrine, reinstating double taxation upon liquidation of a corporation and relegating the “C” to the entity choice of …
When I speak with location independent entrepreneurs and expats, the issue of employee vs contractor frequently comes up. There is no uniform test to distinguish employees from independent contractors. Government agencies such as the IRS, the U.S. Department of Labor (DOL), and the National Labor Relations Board (NLRB) each look at their own set …
Employee or independent contractor: Whats the difference? Read More »
Acquisitions (from the buyer’s perspective) Tax treatment of different acquisitions What are the differences in tax treatment between an acquisition of stock in a company and the acquisition of business assets and liabilities? Taxable acquisitions Stock acquisitions –All assets and liabilities of the target as they exist immediately prior to the closing are assumed in …
Determining One’s U.S. Estate Tax Status The impact of the Estate Tax depends on whether an individual is a U.S citizen, a U.S resident or a non resident, non citizen (NRNC). An individual’s status as a citizen, resident or NRNC is significant because the Estate Tax is far more expensive as applied to citizens and …
Now let’s try to be realistic. This virus will not disappear. Look out for on again, off again lockdowns. With global coronavirus cases growing daily, in March 2020, Harvard infectious disease experts published an article in the Harvard Gazette. Modeling showed that — absent the development of a vaccine or other intervention — a staggered …
#BabyBoomersare retiring and are passing trilions to their children in the biggest generational wealth transfer…ever. The present pandemic has meant – severe travel disruptions b. expected tax increases c. concerns over our own health and mortality ..Now the business case for setting up #familyoffices is even more compelling Jurisdictions like #Singaporeand #Londonwill continue to benefit Podcasts: https://htj.tax/htj-podcasts
When someone says Economic Nationalism? We think of Donald Trump, Brexit, Marine Le Pen, Norbert Hoffer, Nigel Farage, Geert Wilders. I am aware of the alleged role of technology companies in manipulating voter behavior. But I believe that these firms manipulated forces that already existed. Again, they did not create the factors – just manipulate …
Lessons from 2002 SARS In 2004, the Institute of Medicine hosted a Forum on Microbial Threats. Out of this workshop came a paper on the economic impact of the 2002 coronavirus outbreak. Their report summarized three mechanisms by which SARS influences the global economy. First, fear of SARS infection led to a substantial decline in …
Potential Economic Impact of the Pandemic – Lessons from 2002 SARS Read More »
