United States: Uncertainty Persists For Nonprofits Seeking Real Property Tax Exemptions

In a previous post and recent podcast, we discussed that uncertainty exists with respect to the prevailing standards for determining real estate tax exemptions for nonprofits in Pennsylvania, largely due to a tug of war between Pennsylvania’s legislative and judicial branches regarding the meaning of a “purely public charity.”

Unfortunately, attempts to resolve the uncertainty may have stalled. In 2013, Senate Bill 4 was introduced to amend the state constitution to give the legislature the […]

By |April 7th, 2015|

UK: Taxation Of Pensions Act 2014

In George Osborne’s March 2014 Budget, he announced some far-reaching measures to relax the requirements on how individuals access their defined contribution (DC) pension savings when they retire and in particular the abolition of the requirement to have to purchase an annuity. These changes have become known as the “Freedom and Choice” flexibilities.

The details have gradually been emerging following the 2014 Budget and are primarily in two pieces of legislation – the Taxation of […]

By |April 7th, 2015|

Australia: US Citizens and Green Card Holders – the long arm of the IRS

You may be forgiven for thinking that once you no longer live in the United States, that your ongoing US tax obligations may be relatively simple or even non-existent, particularly if you have never held a US Passport or lived in the US.

However the definition of US citizen is broad and it is clear that the US Internal Revenue Service (IRS) is beating the long grass to flush out and identify US citizens and […]

By |April 5th, 2015|