Digital Services Taxes The rise of digital services taxes (DSTs) has become a flashpoint in international taxation, igniting tensions between major economies. Initially introduced to address the taxation of digital revenues from companies with little to no physical presence in foreign markets, DSTs have proliferated across jurisdictions such as France, India, the United Kingdom, and
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Navigating Cross-Border Tax Compliance Amid Political Shifts
Cross-Border Tax Compliance Political volatility and shifting regulatory landscapes are placing new pressures on global businesses to manage cross-border tax compliance more effectively. In particular, international reforms such as the Organization for Economic Development’s (OECD) Base Erosion and Profit Shifting (BEPS) 2.0 framework are driving sweeping changes to how multinational enterprises (MNEs) structure and report
U.S. Withdrawal from the Global Minimum Tax: Implications for Multinational Compliance and International Tax Stability
Global Minimum Tax In January 2025, President Donald Trump signed an executive order withdrawing the United States from the OECD/G20 global minimum tax framework. This agreement, supported by over 135 countries, was designed to establish a 15 percent global minimum corporate tax rate, aimed at curbing profit shifting and leveling the international tax playing field.
Understanding the Proposed $5 Million “Gold Card” Visa and Its Implications for High-Net-Worth Immigrants
$5 Million Gold Card Visa In February, President Trump unveiled a new immigration initiative aimed at the global elite: the $5 Million Gold Card Visa. This proposed visa category would grant U.S. permanent residency to foreign nationals in exchange for a $5 million payment to the federal government. Positioned as a simplified and expedited alternative
Is the Gold Card Visa Legal? A Breakdown of the Proposal’s Path Through Congress
Is the Gold Card Visa Legal? A proposed immigration initiative known as the “Gold Card Visa” has attracted both support and controversy on Capitol Hill. This high-net-worth visa program would provide lawful permanent residency in exchange for a $5 million investment in the U.S. economy. Modeled loosely on programs in countries such as Portugal and
Pre-Immigration Tax Planning for Gold Card Visa Applicants: Key U.S. Reporting and Estate Tax Considerations
Tax Planning for Gold Card Visa Applicants Foreign nationals preparing for U.S. residency under the Employment-Based Fifth Preference (EB-5) Immigrant Investor Program—or similar pathways such as the “Gold Card” visa—Gold Card Visa Applicants face significant tax exposure upon becoming U.S. persons for income and estate tax purposes. This transition triggers a broad range of reporting
EDD Audit Process
The California Employment Development Department (EDD) conducts payroll tax audits to verify businesses are in compliance with the state’s employment tax laws. These audits are designed to ensure employers are correctly reporting and remitting taxes related to wages, unemployment insurance, disability insurance, and other employment-related obligations. For businesses operating in California, understanding the EDD audit
The Exception to the Exception to the Exception — California Court Rules Certain Medical Devices May be Subject to CDTFA Sales Tax
Certain Medical Devices May be Subject to CDTFA Sales Tax A recent California Appeals Court ruled certain medical devices may be subject to CDTFA Sales Taxes. In Medtronic v. CDTFA, a California Appeals court ruled a medical device maker was responsible for paying sales tax on the heart rate monitors it sold in California. This
Living on the Edge – Life Without Creating a Will
Life Without Creating a Will Everyone dies eventually. You will die eventually. What is important is what you do with your time while you are alive. When I was touring law schools a professor told me he was married, had kids, and loved to drive his motorcycle up the coast of California. This seems like
IRS Releases Dirty Dozen List of Tax Scams
The IRS recently released its annual Dirty Dozen list of tax scams. The Tax scams on the list include phishing scams, ghost preparers, and bogus tax deductions. One of the scams on the list is misleading social media advice. Social media is a source of information and disinformation. It is not hard to come by