Search Blogs

2020 Democratic Presidential Candidates’ Tax Plans

The Super Tuesday primary results quickly provided clarity to the Democratic nomination contest by further winnowing the field of candidates down to only Joe Biden and Bernie Sanders. One area where the Democratic candidates agree is that taxes should be increased on wealthy individuals and corporations. However, there are material differences between the proposals put […]

Read More

An Open Letter To Harry & Meghan On The Tax Implications of Moving to Canada

January 15, 2020

What follows is a rough analysis of Harry and Meghan’s (The Duke and Duchess of Sussex’s) tax situation in Canada, the U.K. and United States. No actual business or client relationship with the Duke and Duchess of Sussex is inferred nor implied. Andersen Tax LLP has not  been engaged by them. These comments are hypothetical only and […]

Read More

Qualified Charitable Distributions – Tax Savings for Canadian Residents

November 18, 2019
Canadian residents that hold certain U.S. retirement plans may have an unusual tax savings opportunity when making charitable contributions.
Read More

IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI

March 5, 2019

Last fall, we wrote about the U.S.’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on U.S. persons that own non-U.S. corporations. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as early […]

Read More
Do NOT follow this link or you will be banned from the site!