Taxation Law Articles

Articles written by lawyers and expert witnesses worldwide
explaining the different aspects of Taxation.

High Net Worth Individual Scheme for Permanent Residency in Malta

  November 17, 2017     By Mifsud & Mifsud Advocates
Malta offers a wide range of schemes and programmes to those individuals opting to establish their permanent residence in its jurisdiction. The...
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What Benefits Is My Same-Sex Spouse or Domestic Partner Entitled to?

  By HG.org
Due to a number of important Supreme Court decisions in the 21st century, married same-sex spouses are entitled to a number of benefits that...

What are my Options to Repay Unpaid Sales Tax Debt?

  October 18, 2017     By HG.org
Unpaid taxes are potentially dangerous to the individual or company. It is imperative that one of several options is taken to ensure this tax...

OVDP Willful or Streamlined Non-Willful: IRS Offshore Disclosure Basics

  October 18, 2017     By Golding & Golding, Attorneys at Law
In determining whether you should enter the traditional Offshore Voluntary Disclosure Program (OVDP) or the newly implemented IRS Streamlined...

FBAR vs. 8938: Reporting Foreign Accounts & Foreign Financial Assets

  October 17, 2017     By Golding & Golding, Attorneys at Law
Ever since the Internal Revenue Service made foreign account and asset reporting a key enforcement priority, two of the most common issues a...

Primer on Protecting Americans from Tax Hikes Act

  October 10, 2017     By HG.org
The Protecting Americans from Tax Hikes Act or PATH was implemented to assist individuals and exempt organizations from Internal Revenue Service...

IRS Tax Amnesty Programs: Offshore Income vs. Domestic (U.S.) Income

  October 10, 2017     By Golding & Golding, Attorneys at Law
The IRS Tax Amnesty Programs are designed to help individuals and others safely get into tax compliance without the fear of excessively high...

Expatriation Tax when Returning to Your Home Country

  October 3, 2017     By HG.org
When returning home from living or residing in another country, there are additional taxes that may apply to the person called the expatriation...

When Does a Tax Lawsuit Begin in Hungary? New tactics Will Be Needed in Tax Lawsuits from January

  September 28, 2017     By Jalsovszky Law Firm
New laws taking effect on 1 January next year will transform the tax audit procedure and the way tax lawsuits unfold. While some of the...

The Fiscal System in the UAE

  September 27, 2017     By Eptalex
Following the issuance of the UAE VAT law at the end of August 2017, and the simultaneous launch of the UAE Federal Tax Authority (FTA) website,...

End of the VAT Exemption Regime for Financial IGPs in Luxembourg

  September 26, 2017     By Arendt & Medernach
Following the Luxembourg case C-274/15, the series of cases relating to the scope of the cost-sharing VAT exemption also referred to as...

What Is Power of Attorney? How to Prepare a Power of Attorney in UAE

  September 26, 2017     By HHS Lawyers & Legal Consultants
There can be a lot of use for a Power of Attorney, and it is especially handy when it comes to having someone else do tasks for you when you are...

Domestic VAT Law Released in United Arab Emirates

  September 19, 2017     By Arendt & Medernach
On 27 August 2017, the United Arab Emirates (the "UAE") published the text of its domestic Value Added Tax (the "VAT") Law, shortly after...

Double Taxation Avoidance Treaties in Albania

  September 19, 2017     By LPA Law Firm
Albania has entered into 38 agreements “For the Avoidance of Double Taxation with respect to Taxes on Income and on Capital” with several...

Appealing a Tax Assessment

  By HG.org
When facing a tax assessment for real estate issues, it is important to start with research first and then hire an experienced tax lawyer. This...

Tips for Avoiding FBAR Penalties

  September 11, 2017     By Golding & Golding, Attorneys at Law
When it comes to reporting and disclosing foreign accounts assets, income, life insurance policies, pension funds, retirement funds and more,...

Offshore Voluntary Disclosure Program (OVDP) - Understanding the Basics

  September 7, 2017     By Golding & Golding, Attorneys at Law
The IRS Offshore Voluntary Disclosure Program (OVDP) is a U.S. Government program designed to bring non-compliant individuals, businesses, and...

State Aid Control Over Tax Rulings of EU Member States

  September 5, 2017     By Antoniou McCollum & Co.
The European Commission's State aid control over tax rulings has been widely commented on, particularly following the decision on Apple and...

New IRS Regulations on Reporting Obligations of Foreign Financial Assets by Domestic Entities

  By HG.org
Individuals are obligated to report all data about foreign financial assets and property under the Hiring Incentives to Restore Employment Act...

Corporations in Costa Rica: Get to Know the Percentages for the Payment of Taxes Defined by Law

  August 29, 2017     By ERP Lawyers & Associates
The new law 9428 that establishes the new taxes on corporations is already into force. This law defines the tax amounts that the corporations...

Off-Shore Accounts: The Panama Fiasco

  August 28, 2017     By Silver & Co., U.S. Tax Attorneys
The disclosure of 11.5 million documents held in strict confidence by a Panama law firm displays once again how vulnerable holders of off-shore...

To Give Up or Not Give Up a U.S. Citizenship for Tax Purposes? That Is the Question

  August 28, 2017     By Silver & Co., U.S. Tax Attorneys
Many U.S. citizens or green card holders, seeking to avoid the long and heavy arm of Uncle Sam, visit their tax attorney and the first sentence...

Pre-Immigration Tax Planning for Moving to the U.S.

  August 28, 2017     By Silver & Co., U.S. Tax Attorneys
A person who is neither a United States citizen nor resident can take certain actions that significantly impact the exposure to U.S. tax....

Extent that a Financial Institution Can Outsource Anti-Money Laundering (AML) Compliance

  By HG.org
Anti-money laundering compliance is very important to banks and financial institutions per the United States government. Without adherence to...

Proposed Dark Store Legislation in Wisconsin Puts a Thumb on the Scale of Fairness

Max Baucus once said that “Tax complexity itself is a kind of a tax.” That statement is true in many ways.

Submit a Voluntary Declaration Leading to Immunity for Tax Evasion While You Still Can in Germany

A voluntary declaration leading to immunity for tax evasion needs to be tailored to the exact circumstances of a given case. Only then can...

U.S. Tax Court Ruling Limits Foreign Earned Income Exclusion

Many US citizens and residents living overseas take advantage of up to approximately $100,000 a year in foreign earned income exclusion...

U.S. Tax Court Resolves Long-Outstanding Tax Issue: Is the U.S. Tax Citizen Living Abroad Subject to Capital Gains?

For decades it has been unclear whether a U.S. citizen or green card holder ("U.S. Person") who resides abroad and who sells stock for a gain is...

Cyprus as a Jurisdiction for Holding Assets and Investments

Cyprus provides an established, stable and solid legislative framework under which Cyprus companies can be formed for intermediary or ultimate...

U.S. Tax System: FATCA. FBAR. PFIC. Trump, Give Us a Break!!

Few are the examples where the multi-level complexity of the U.S. tax system can be seen as is the case with the regulation and taxation...

Advanced U.S. Estate and Tax Issues for Non-U.S. Persons

The U.S. estate tax and U.S. gift tax are similar but not identical taxes. The estate tax is a tax on what a person owns at death (the estate)....

U.S. Tax Court Monumental Ruling Will Impact Foreigners with U.S. Businesses or Investments

A precedent-setting ruling recently issued by the U.S. Tax Court changes the way foreigners are taxed in the United States. The ruling states...

US Passport can be Revoked Because of Tax Debt

  By HG.org
There are certain regulations and stipulations to the Internal Revenue Service with laws in the United States that may restrict travel or the...

France Investors’ Program: The New Competitive Stream Among EU States

France is becoming more competitive both immigration and business wise. On November 15th, 2016, we announced you that the French Investor...

Grounds for Refusing to Provide Information at the Request of the Fiscal Body in Ukraine

If the text of the request of the fiscal body on information proving does not contain the grounds for such request according Cl. 73.3 Art. 73 of...

Personal Income Tax in Colorado

  By HG.org
Each state has different income tax procedures and amounts based on what has been implemented by the state legislation. In Colorado, the income...

Colorado Consumer Tax Law

  By HG.org
Taxes are collected by states on retail for items that are sold in shops and establishments. This may be similar to levied taxes on cigarettes...

Criminal Tax Evasion in Colorado

  By HG.org
Tax evasion charges in Colorado have significant consequences. Individuals may face an intense investigation and uncertainty when being...

Malta Gaming Authority Publishes White Paper on Major Reforms to the Malta Gaming Legal Framework

The Malta Gaming Authority (“MGA”) has published a white paper requesting industry feedback in connection with a far-reaching overhaul of...

Chinese Free-Trade Zones further Ease Access for Foreign Investors

The Chinese State Council has updated foreign investment negative list applicable to all 11 free-trade zones (FTZs). These special zones offer...

India Switches to Goods and Services Tax (GST)

At the stroke of midnight on 1st July 2017, India along with its states and Union Territories, with the exception of one, ushered in the Goods...

Collecting a Second Passport

More high-net-worth individuals acquire second passports; collectors take note.

Falsification of Taxes and Real Estate Projects

  By HG.org
Preparation of tax returns that are false or contain inconsistencies may lead to criminal charges. Real estate projects may be harmed from the...

Voluntary Declaration for Tax Evasion Still Possible in Germany

While the number of voluntary declarations for tax evasion is declining, voluntary disclosure remains possible and is the only way of avoiding...

Start-Ups in Switzerland: Do's and Don'ts from a Tax Point of View

The founders of a start-up company will inevitably be confronted, sooner or later, with tax questions. The situation which gives rise to such...

Misrepresentation of Tax Procedures and Complications for Real Estate Dealings

  By HG.org
Real estate dealings often require exact documentation that specifies certain terms, conditions and details about the buyer, seller and...

Colorado Probate and Estate Tax Laws

  By HG.org
When someone passes away, it is important that the matter is settled quickly and easily so that the family and other dependents are given time...

Investing in Real Estate Overseas

Insights on how to combine Real Estate & Citizenship

Making Timely Arrangements for Business Succession in Germany

The demographic trend poses a serious challenge to medium-sized businesses, particularly in relation to the unavoidable issue of making...

Myths and Realities of Panamanian Corporations

Some have come across diverse and perhaps incompatible information on the legal framework regarding the creation of corporations and private...

Panama as an Added Value to SEM Companies: A Reflection 10 Years Later

Ten years have elapsed since the enactment of Law 41 of 2007, whereby the Special System for the establishment and operation of Multinational...

Tax Professionals Report More Audits as Stricter IRS Deadlines Approach

  By Brown, PC
The tax code is incredibly complicated and intricate. Even when a business or an individual intends to be in compliance with tax requirements,...

Overview of the New Taxation Regime to Be Implemented in the UAE

It has been estimated that the introduction of a value-added tax (VAT) in the UAE will generate Dh12 billion of additional revenues.

ESOP (Employee Share Ownership Programme): The Latest Craze in Hungary

ESOP (Employee Share Ownership Programme) entities have been springing up like mushrooms in Hungary since last year, and the acronym itself has...

Harder Times Ahead for Participants to Cartels in Hungary

It is becoming a practice that companies involved in cartels are being sued by market players who have suffered losses as a consequence of a...

VAT and Selective Tax in Saudi Arabia

Recently, some questions and discussions have been raised on the Saudi street as well as through the audio and visual media on the decision of...

U.S. District Court Upholds Multiple Willful FBAR Penalties Against Taxpayer

  By Brown, PC
In a case that has raised eyebrows in the tax community, a jury in the Southern District of Florida has sustained the IRS's assessment of...

IRS Assesses Another 150% Civil FBAR Penalty

  By Brown, PC
The IRS has asserted multiple maximum civil FBAR penalties against Ashvin Desai, who failed to disclose the existence of offshore accounts or...

Most Common Legal Aspects Affecting Ex-Patriate Workers in Colombia

Foreign companies establish their presence in Colombia, and most of the times the first thing they do is, send a trusted directive to oversee...

Taxation of Chain Transactions in Hungary: Exactly What it Seems

One of the most frequent areas of dispute between the tax authority and taxpayers relates to the conditions under which a taxable entity...

Purchasing Real Estate in Germany

Unlike in other countries, such as Denmark and Switzerland, there are no restrictions to foreigners to purchase real estate in Germany....

Tax Dodgers Under Pressure – Way Out of Tax Evasion Is Through Voluntary Disclosure in Germany

While the number of voluntary declarations for tax evasion is easing off, the same cannot be said of the efforts being put into the fight...

Tax Evasion: Only Voluntary Disclosure Affords Protection from Severe Penalties in Germany

Anyone who has been caught for tax evasion should expect to be faced with severe penalties. Voluntary disclosure is the only way of returning to...

Can My Student Loan Be Discharged if I Become Disabled?

  By HG.org
When someone has become disabled through injury, illness or other means, it is possible that student loans may be discharged completely.

Common Reporting Standard: Are We Finally Seeing the End of Tax Evasion in Participating Countries?

The Common Reporting Standard (the "CRS") was developed in response to the request of the G20 to fight against tax evasion and call on...

Flat Tax in Italy

Flat tax: What is it, how it works and benefits.

End to n Unjust Fine in Hungary?

Under current practice the Tax and Customs Administration (NAV) fines taxpayers that are caught with a VAT shortfall even if the budget has...

Due Diligence Process

  By Torrente
The due diligence is one of the most important aspects when purchasing a property. There are at least three kind of due diligence.

The Legal Way for a Non-resident to Pay in Currency Buying Property in Ukraine

More and more foreigners are considering a possibility to buy property in Ukraine, particularly in large and popular among foreigners cities...

The Anti-Corruption Law and Compliance Programs in Brazil

  By M F Ejchel
The Anti-Corruption Act has been approved as a result of the international commitments made by Brazil to confront and fight major local...

Business Succession Post Inheritance Tax Reform in Germany

It was a long time coming before the reforms to inheritance tax became finalized. The legislation has since come into force with retrospective...

European Commission Proposes New VAT Rules to Support E-Commerce and Online Businesses in the EU

On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses...

New Tax Transparency Rules for Cross-Border Tax Rulings and Advance Price Arrangements in EU

New transparency rules entered into force on 1 January 2017. EU Member States are obliged to automatically exchange information through a...

Egypt: Value Added Tax (VAT) Law

On 5th of September 2016, the new Value Added Tax (VAT) Law in Egypt has been promulgated and published in the Official Gazette entering into...

Non-resident Beneficiaries of Spanish Assets Have the Opportunity to Apply for a Tax Refund

If you were a beneficiary of someone who left assets in Spain but you were not yourself a resident of Spain you may have paid a higher rate of...

Stamp Duty in Cyprus

There have been recent amendments to the Stamp Duty Law of Cyprus (Law 19/1963) (the “Law”) with the aim of modernising and simplifying the Law....

Cyprus Investment Firms (CIFs): Directors’ Liabilities in Case of an Offense

The Board of Directors of a CIF shall consist of at least two executive Directors and two independent non-executive Directors. The majority of...

Releasing a Car from Customs in Israel to an Entity Other Than the Importer - Who is Liable?

In the following article we will review a case in which a car was imported by personal import, but was released to a person who was not the...

Whom Must the Customs Authority Notify Regarding a Seizure of Goods in Israel?

The Ramla Magistrate Court rejected a claim filed by an importer in order to release goods seized in the possession of a different person as he...

Will the Recent Amendment of the Defense Export Control Law Ease the Licensing Process in Israel?

Recently, the Knesset (the Israeli Parliament) approved the Amendment of the Defense Export Control Law, 2016, thus establishing it as an...

Hong Kong Adopted Restrictive Rules for Obtaining a Tax Residence Certificate

Hong Kong is now challenging the tax substance of special purpose vehicles (SPV) such as intermediate holdings and this is producing great...

Warning Signs that a Criminal Investigation Is Pending in IRS Cases

  By HG.org
There are various signs that a criminal investigation is on the horizon. These are not the same as civil inquiries. The Internal Revenue Service...

Criminal Consequences Associated with Failing to Report Foreign Bank Accounts

  By HG.org
Reporting foreign accounts in banks is vital to ensure criminal consequences are not issued to individuals filing taxes. Adherence to the...

Criminal Tax Issues and Audits

  By HG.org
Audits tend to occur when there is a suspected tax crime. It is important to ensure a civil examination is accomplished with cooperation, a calm...

Criminal Tax Problems

  By HG.org
When persons work in the United States, it is illegal to not report income after a certain threshold has been reached. This is especially...

FATCA Issues

  By HG.org
The Foreign Account Tax Compliance Act was issued by the IRS in response to the Hiring Incentives to Restore Employment Act signed by President...

FBAR and FATCA and their Involvement with the IRS

  By HG.org
Foreign Bank and Financial Accounts Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA) are both important acronyms to know when...

Federal Tax Fraud Explained

  By HG.org
Fraud comes in many shapes and sizes. The amount that is taken during fraud crimes is one factor considered when charges are filed and when a...

IRS Criminal Investigations

  By HG.org
The Internal Revenue Service is called when both businesses and individuals are suspected of illegal income, revenue and wage activity. Anyone...

Ways to Avoid Problems with the IRS

  By HG.org
Because criminal investigations initiated by the Internal Revenue Service require resources and time that may be better utilized elsewhere,...

Act of Production Doctrine

  By HG.org
Documents are the foundation of tax cases where crimes are suspected. Subpoenas are often issued that demand extensive documentation to back up...

Civil FBAR Penalties

  By HG.org
The Report of Foreign Bank and Financial Accounts, known as the FBAR, is assessed by the Internal Revenue Service for civil penalties if...

IRS Voluntary Disclosures

  By HG.org
The Internal Revenue Service provides a variety of voluntary disclosure options to help parties avoid possible criminal action if they come...

The Importance of Choosing the Right Business Entity

One of the first decisions a business owner or practicing professional faces is choosing the best business entity for their organization.

Failing to File a Tax Return and the Willfulness Element

  By HG.org
When someone fails to file a tax return and is then charged with a crime of this nature, they often wonder why they were targeted for this...

Failure to File Charges, Ignorance and Deliberate Ignorance

  By HG.org
If a person fails to file his or her tax return when required to do so, he or she may face significant penalties based on a failure to file...

Auditor’s Approval in Hungary Is No Guarantee that NAV Won’t Fine You

It’s common knowledge that in Hungary, calculation of the corporate tax liability is based on the items recognised in the accounting books. But...

Taxation in Agriculture in Ukraine

The main provisions of the Ukrainian legislation governing taxation in agriculture are embodied in the Tax Code of Ukraine, which regulates the...

Taxes in Ukraine: Corporate Income Tax

Corporate Taxpayers: Corporate Income Tax (CIT) is paid by the resident companies, which receive income in Ukraine as well as abroad. CIT is...

Setting up a Company in Cyprus

Having one of the lowest corporate tax rates in Europe and a wide network of double tax treaties, Cyprus is a very attractive and established...


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