In April 2016, we posted “Huge Leak From the Panamanian Law Firm Mossack Fonseca!” where we discuss that the offshore planning world was set on fire with the news that 11 million documents were leaked from the Panamanian law firm Mossack Fonseca.
Following yesterday’s Panama Papers Leak it can be seen that at least 1,700 legal entities on that list are also on the IRS list that “includes all foreign financial institutions and branches with approved FATCA registration at the time the list is compiled”.
Here is word for word a copy of an email sent to my inbox recently. Beware of all the swearing in case you may be offended. These are the types of emails I receive. “My home and native land […]
Bidens 2025 budget proposal raises the top marginal rate on long term capital gains and qualified dividends to 44.6 percent. The Biden administration has proposed the highest top capital gains tax in […]
According to Senior Economist, Alan Cole at the Tax Foundation, BEAT is the acronym for Base Erosion and Anti-abuse Tax. “Base erosion is the loss of corporate income tax revenues from global […]
Written waivers and releases (generally, here, a “Release”) have become ubiquitous in the American way of life – axe throws, bounce houses, rock climbing parks, mechanical bulls, little league […]
Earth Day was April 22, 2024, TaxConnections takes responsibility for the delay in publishing..oops! Professor Annette Nellen at San Jose State University published this post originally on her 21st […]
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