On March 9, 2023, the Treasury Department released the General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals (sometimes called the Green Book) to accompany President Joe Biden’s proposed budget for...more
3/20/2023
/ Biden Administration ,
Corporate Taxes ,
Estate Tax ,
Federal Budget ,
Gift Tax ,
GILTI tax ,
Green Book ,
Income Taxes ,
International Tax Issues ,
Partnerships ,
Property Tax ,
Retirement ,
Tax Reform ,
U.S. Treasury
Democratic presidential nominee Joe Biden has provided limited information about his plans to modify the tax treatment of decedents and their estates. However, he has signaled that he supports raising estate taxes and...more
10/4/2020
/ Capital Gains ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Gift-Tax Exemption ,
High Net-Worth ,
Joe Biden ,
Popular ,
Presidential Elections ,
Proposed Rules ,
Tax Rates ,
Tax Reform
The U.S. tax act enacted in December 2017 includes a number of provisions that impact high net worth families with U.S. connections. For families with U.S. members, changes to the estate, gift and generation-skipping transfer...more
6/20/2018
/ CFCs ,
Controlled Foreign Corporations ,
Cross-Border Transactions ,
Estate Planning ,
Estate Tax ,
Foreign Corporations ,
Foreign Subsidiaries ,
Generation-Skipping Transfer ,
Gift Tax ,
Gifts ,
GILTI tax ,
Grace Period ,
High Net-Worth ,
Inbound Investments ,
Partnerships ,
Shareholders ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning ,
Tax Reform ,
Transition Tax
The newly enacted U.S. tax law makes significant changes to provisions of the Internal Revenue Code affecting high net worth individuals, their investment entities and family offices. These changes are likely to spur gift...more
1/24/2018
/ Corporate Conversions ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Generation-Skipping Transfer ,
Gift Tax ,
High Net-Worth ,
Income Taxes ,
Pass-Through Entities ,
Revocable Trusts ,
State Taxes ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Trusts