Plan Ahead for Long Term Care and Retirement
Living a long and healthy life is ideal for everyone, but unfortunately that is not always the case. According the to Retirement Research at Boston College, if you are over the age of 65 and are going into retirement in 2020 you are now expected to live another 19 years. People are indeed living longer than […]
The 9 Best Tax Havens in the World
Generally, there is no standard definition that renders a country a tax haven. A tax haven is commonly a jurisdiction that offers low taxes, favorable taxes, no taxes, bank secrecy, and tax exemptions. The most important functions of a tax haven that attracts businesses from all over are: Provide secrecy of bank accounts from tax […]
Tax Planning Tips for Small Businesses
Tax time to many small-scale businesses is usually the most difficult time of the year. Most people tend to ignore the tax planning process which is a very important stage that needs to be planned earlier. Instead of rushing and wasting your time when it’s too late, you can simply take advantage of the tips […]
What Americans Want from Tax Reforms
Over 90% of all American citizens want investments tasked as much as wages. That’s according to a survey conducted by WalletHub. This debate has even been brought up through the current presidential election debates that are taking place in the country. Americans, it appears, want tax equality – and that means tax reforms. Critics have […]
How the American Tax Code Favors the Rich
The American tax system favors the rich. Truly. According to massive economic experiments and studies on the impact of taxation, the general theory that guides tax-rate decisions is that ‘lower taxes attract more investment’, leading to more jobs and increased prosperity. As you file your next annual taxes, this article shows you exactly why the […]
6 Things Every American Should Know About Taxes
Every day is a tax day in America. Yes, a lot of confusion with tax forms, quick trips to the mailbox, and a lot of headaches associated with keeping up with taxation requirements. Every American citizen is subject to local, state and federal taxation. Nonetheless, there’s still a huge group of people who do not […]
Will US-EU Trade Undermine Tax Justice?
This is a controversial question that has been brought up through a new study report. Based on information from the study, multinational companies in the U.K. could escape from paying millions of dollars following a secretive deal (labeled TTIP – Transatlantic Trade and Investment Partnership) between Europe and the United States that was brought up […]
5 Strategies to Improve Management of Reputational Risk in International Tax
The world’s is an increasingly global village, with interconnected financial systems and massive data sharing among various governments and jurisdictions. In recent times, new tax reporting requirements and the increasing need for tax information exchange between nations have led to the disclosure of key details on the tax affairs of multinational companies. Boards of Directors, […]
Tax Deductions and Long Term Care Insurance
The Republicans have just scored a major victory in this last election and while it is hard to predict exactly how this will affect senior citizens, Howard Gleckman has some interesting thoughts in an article for Forbes Magazine. Typical of democrat scare tactics, Gleckman sees the Republican victory as a dangerous thing for government health […]