Provisional Measure Nr. 627 – Important Changes In Brazilian Tax Legislation

After the publication of Normative Ruling nr. 1.397, by the Brazilian IRS, on September 19, 2013, it was highly anticipated the publication of a new act by the Brazilian Government clarifying several aspects of the consequences to tax arising from changes in commercial and accounting rules that taken place over the last few years. Within this context, Provisional Measure nr. 627 (“MP 627”) was finally published on November 12, 2013.

Surprisingly, MP 627 has gone […]

By |December 11th, 2013|

United States: Year-End Tax Tips

In recent years, estate and gift tax strategies have required a crystal ball. As we head into 2014, the ability to plan with more certainty is here. The estate and gift tax area that had us all hopping last year has settled down with a large unified exemption, indexed for inflation. However, the same legislation that brought us this relief has complicated the income tax landscape by adding new brackets and mandates.

Here are some […]

By |December 10th, 2013|

Jersey Not A Tax Haven Says PM David Cameron

The UK Prime Minister, David Cameron, has stated publicly in the House of Commons that he does not think it is fair to refer to Jersey as a tax haven.

The Prime Minister’s comments follow the progress made on tax transparency at the G8 and G20 summits, and come just weeks after the publication of an extensive report highlighting Jersey’s overall value to the UK economy, which was prepared by the leading independent firm Capital […]

By |December 10th, 2013|