The IWTA International Tax Journal

Breaking news, expert advice and opinion on global tax laws and foreign investment strategies.

Taxes
International Tax Roundup: Third Quarter 2022

International Tax Roundup: Third Quarter 2022

2022 has been an unpredictable year amidst soaring inflation and geopolitical unrest. In the tax realm, governments have been trying to hedge against this uncertainty by shoring up their budgets and addressing inconsistent tax enforcement. Unsurprisingly, much of this government activity has centered around taxpayers with means — high net worth domestic taxpayers and foreign investors. Below, we roundup some significant international tax developments concerning high net worth individuals and foreign investors in the first three quarters of 2022.

Real Estate
FAQ
International
International Tax Roundup: Third Quarter 2022

International Tax Roundup: Third Quarter 2022

2022 has been an unpredictable year amidst soaring inflation and geopolitical unrest. In the tax realm, governments have been trying to hedge against this uncertainty by shoring up their budgets and addressing inconsistent tax enforcement. Unsurprisingly, much of this government activity has centered around taxpayers with means — high net worth domestic taxpayers and foreign investors. Below, we roundup some significant international tax developments concerning high net worth individuals and foreign investors in the first three quarters of 2022.

Frozen: How the Revocation of the U.S. – Russia Tax Treaty Puts Global Trade on Thin Ice

Frozen: How the Revocation of the U.S. – Russia Tax Treaty Puts Global Trade on Thin Ice

This blog post is an update to IWTA founder Jack Brister’s article published in JD Supra on March 18, 2022, entitled, “Frozen: How the Revocation of the U.S. – Russia Tax Treaty Puts Global Trade on Thin Ice.” The Biden administration is poised to fully block Russia’s ability to pay U.S. bondholders. The Treasury Department told multiple news outlets that it had suspended its tax information exchanges with Russia. Read more…

It Happened in South Dakota

It Happened in South Dakota

The Pandora Papers, a recent reveal of pervasive cross-border financial crime and elaborately-crafted tax dodging structures, as reported by a global network of investigative journalists, has
already shaken up governments and elections, upended tax authorities and initiated criminal investigations… Perhaps the most intriguing revelation of all from a stateside perspective was the emergence of South Dakota as a preferred tax haven of the rich and famous.

China Stresses Its Taiwan Stance at U.N.

China Stresses Its Taiwan Stance at U.N.

Cross border tax advice President Biden renewed his call for world leaders to oppose Russia’s war with Ukraine in an address to the United Nations General Assembly on Wednesday. His speech came hours after Russian President Vladimir Putin raised the threat of a...

‎UAE, Saudi non-oil trade reach AED124.7  bln in 10 years

‎UAE, Saudi non-oil trade reach AED124.7 bln in 10 years

Firpta form 8288 Khalifa Port Non-oil foreign trade between the UAE and Saudi Arabia has grown by 92.5% over the past 10 years, reaching AED 124.7 billion by the end of 2021, compared to AED 64.79 billion in 2012. The volume of trade exchange between the two countries...

International Tax Roundup: Third Quarter 2022

International Tax Roundup: Third Quarter 2022

2022 has been an unpredictable year amidst soaring inflation and geopolitical unrest. In the tax realm, governments have been trying to hedge against this uncertainty by shoring up their budgets and addressing inconsistent tax enforcement. Unsurprisingly, much of this government activity has centered around taxpayers with means — high net worth domestic taxpayers and foreign investors. Below, we roundup some significant international tax developments concerning high net worth individuals and foreign investors in the first three quarters of 2022.