more super rich in western countries
The number of “ultra wealthy” individuals in Western countries such as the US, France, Germany and the UK has grown faster in the year to the end of June than those in the emerging market, a new report says.
US
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a refuge from the us tax storm
For the last five years, Maseco Wealth has been helping the growing number of American expats who have been caught up in a US crackdown on overseas accounts…
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us lawmakers seek to make it harder
A bipartisan group of US lawmakers has introduced legislation aimed at making it harder for criminals to carry out financial crimes in the US, in part by putting an end to the ability to form corporations without disclosing the identities of those behind them.
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New York tax payers face driving licence ban
New York Governor Andrew Cuomo has introduced a new initiative to encourage individuals who owe significant back taxes to pay their bills by suspending their State driving licences when their past-due tax liability exceeds $10,000.
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aviva investors us equity income demand
Aviva Investors is soft closing its US Equity Income Fund in early October in order to protect performance as UK investors have poured money into the vehicle in the past year.
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billions flow to developed equity funds
Year to date some $153bn has gone into developed market funds while $1.4bn has come out of emerging market portfolios globally, according to global fund flow data from BofA Merrill Lynch (BofAML).
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chase belgrave unveils retirement plan for us
Chase Belgrave, a Zurich-based wealth manager and financial consultancy, is working with an external trustee to offer high net worth American expatriates a pension plan that is tax efficient from a US perspective.
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number of ex pat americans renouncing
The number of ex-pat Americans who are formally renouncing their citizenship, though small relative to the total number who live abroad, has risen steeply in response to the increasing costs and hassles associated with being a US citizen abroad.
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irs targeted americans living overseas
A Geneva-based group representing Americans living abroad has taken advantage of a US congressional investigation into the Internal Revenue Service to explain how the IRS has taken to targeting Americans living overseas.
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swiss reach agreement on way for its banks
The Swiss government said today that it had reached agreement on proposed legislation that would enable the country’s banks to comply with requests by US authorities for information in connection with their tax evasion investigations.
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us senator introduces bill to repeal
A US senator has introduced a bill to repeal "anti-privacy" provisions of the controversial Foreign Account Tax Compliance Act, arguing that FATCA "infringes upon basic constitutional rights".
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us senator lobby group in tax info disclosure
A US state senator and conservative think tank are pushing back against international moves that they say would give foreign governments too ready access to the tax information of US citizens.