Hot Item on Shopping List of Ultra-Rich: New Nationality
A growing number of ultrawealthy people are “jurisdiction shopping” for greener tax pastures.
What ‘The Social Network’ Can Teach Advisors About Avoiding Enforcement Actions
Online communications make advisors vulnerable to compliance slip-ups, two attorneys warn, using quotes from the film "The Social Network" to illustrate their points.
Tax-Weary U.S. Millionaires Move to Cayman Islands, Hong Kong for Relief
Nigel Green, CEO of a global advisory firm, says he has seen a 48% rise in wealthy Americans inquiring about permanently relocating outside the U.S.
More U.S. Citizens Jumping Ship to Avoid Taxes
While the number of Americans abandoning their citizenship is increasing, so too is the number of foreigners coming to U.S. shores to take advantage of so-called “investor visas.”
Senators Introduce Ex-Patriot Act to Tax Those Who Move Abroad
Two senators push Act, which was prompted by Facebook investor's renunciation of U.S. citizenship, possibly to dodge $67 million in taxes before IPO.