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China Signed Multilateral Tax Convention
China Signed Multilateral Tax Convention China is joining the group of more than 50 developed and developing countries, including all G20 members, which are signatories to the Convention on Mutual...
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Strike Up the Band!
Strike Up the Band! In exactly one week, WithumSmith+Brown is hosting its Inaugural Global Summit: Strike Up the Band. Attendees can enjoy a full day of international business analysis and...
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5 Fun New Year’s Facts
5 Fun New Year’s Facts Happy 2014 Where in the World readers! Below are five fun New Year’s facts. New Year’s Day is the oldest of...
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Beanie Babies Creator Gets Two Years Probation for Tax Evasion
Beanie Babies Creator Gets Two Years Probation for Tax Evasion If you were paying any attention in the 90’s – you are familiar with Beanie Babies. The Ty Warner Company...
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Canada and U.S. Sign IGA to Implement FATCA
Canada and U.S. Sign IGA to Implement FATCA Kathy Sikora Tax Accountant WithumSmith+Brown Princeton, NJ The long-awaited agreement between Canada and the U.S. was made official on February...
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US – Australia FATCA Agreement
US – Australia FATCA Agreement On April 28, in Canberra, the United States and Australia signed an intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA). FATCA,...
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U.S. Taxpayer Sentenced to Prison for Concealing Bank Accounts in India and Dubai
U.S. Taxpayer Sentenced to Prison for Concealing Bank Accounts in India and Dubai Joseph Ruppe, CPA Senior Manager WithumSmith+Brown New York, NY On July 8, 2014, The U.S....
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Florida Resident Admits to Hiding $1.1 Million in Bank Accounts Nicknamed ‘Hot Lips’ for 25 Years
Florida Resident Admits to Hiding $1.1 Million in Bank Accounts Nicknamed ‘Hot Lips’ for 25 Years Bernard Kramer, an 83-year old man from Delray Beach, Florida plead guilty to hiding...
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Seven “Must See’s and Do’s” While in Sydney, Australia
Seven “Must See’s and Do’s” While in Sydney, Australia ECHO POINT/SCENIC WORLD – Approximately a two-hour bus ride from Sydney’s Central Business District (CBD), the Blue Mountains are a magical...
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New Exception to PFIC Reporting for Mark-to-Market Taxpayers
New Exception to PFIC Reporting for Mark-to-Market Taxpayers The IRS recently announced in Notice 2014-51, 2014-40 IRB that certain Mark-to-Market (“MTM”) taxpayers will be exempted from PFIC reporting rules, effective...