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Expatriates have always needed a local specialist to guide them through an unfamiliar tax landscape, but never more so than now.
• IRS Compliance
• Implications of FATCA
• General Pension Planning
• Tax Efficient Solutions
KEY ISSUES FOR US TAXPAYERS:
• Taxed on a worldwide basis
• Unable to invest in open market funds without complications of onerous reporting and high levels of taxation (PFICs rules)
• First round of FATCA filing due on 1st July 2014 under which all participating financial institutions will report data on all US linked accounts worth more than $50,000
• The US will 'look through' typical investment structures and tax the underlying assets as if they are owned directly by the US taxpayer. (i.e. offshore bonds/contractual savings plans)
• For clients who don't report they will get caught - when they come to renew their passport a full audit will be undertaken!
US SOLUTIONS INCLUDE:
• Tax advice in respect of foreign tax credit optimisation, use of deductions, tax-efficient investments and pension planning.
• Preparation of back year returns including reasonable cause statements as well as assessment of the best submission route for non-filers, including "discovered Americans" who have become aware of their filing requirements through the new FATCA legislation
• US Federal and State income tax return preparation, including corporate, partnership, trust and non-US pension reporting.
SPEAKERS:
James Barber-Lomax (Trireme) International Trusts and Pensions specialist.
Trireme focus on strategies for non-resident US taxpayers and non-resident UK pension scheme members. James has spoken at many international pension and tax seminars, for all levels of qualified tax and financial advisors as well as private clients, on highly tax technical matters across a variety of topics.
• IRS Compliance
• Implications of FATCA
• General Pension Planning
• Tax Efficient Solutions
KEY ISSUES FOR US TAXPAYERS:
• Taxed on a worldwide basis
• Unable to invest in open market funds without complications of onerous reporting and high levels of taxation (PFICs rules)
• First round of FATCA filing due on 1st July 2014 under which all participating financial institutions will report data on all US linked accounts worth more than $50,000
• The US will 'look through' typical investment structures and tax the underlying assets as if they are owned directly by the US taxpayer. (i.e. offshore bonds/contractual savings plans)
• For clients who don't report they will get caught - when they come to renew their passport a full audit will be undertaken!
US SOLUTIONS INCLUDE:
• Tax advice in respect of foreign tax credit optimisation, use of deductions, tax-efficient investments and pension planning.
• Preparation of back year returns including reasonable cause statements as well as assessment of the best submission route for non-filers, including "discovered Americans" who have become aware of their filing requirements through the new FATCA legislation
• US Federal and State income tax return preparation, including corporate, partnership, trust and non-US pension reporting.
SPEAKERS:
James Barber-Lomax (Trireme) International Trusts and Pensions specialist.
Trireme focus on strategies for non-resident US taxpayers and non-resident UK pension scheme members. James has spoken at many international pension and tax seminars, for all levels of qualified tax and financial advisors as well as private clients, on highly tax technical matters across a variety of topics.
Ishali Patel (Buzzacott)
Buzzacott's presence in Hong Kong, supported by their 50-strong team in London, provides a timely, bespoke and personal expatriate tax service. They assist individuals living in Asia to navigate through the ever-increasing US and UK regulatory tax requirements, ensuring that tax planning opportunities are maximised and wealth protected. The advice they provide is the product of 40 years' specialist experience and constantly keeping up to date with the ever changing rules and regulations of both the US and UK tax regimes.
Martin Rodmell (deVere Group Beijing Office) - Area Manager
deVere Group is the world's leading independent international financial consultancy. They have more than 80,000 clients in over 100 different countries, and over $10 billion of funds under advice. Since its beginning, deVere Group has sought to grow and develop hand-in-hand with its clients, and as a result, have expanded their global presence to accommodate their clients, wherever they choose to establish themselves in the world. Global offices include the leading financial centers of New York, London, Geneva, Hong Kong & Tokyo.
This event is sponsored by deVere Group.
The M2M series (Member-to-Member) is AmCham China's commercial event platform. M2M events are sponsored by companies seeking to share the latest information about their products, services, technologies or expertise with fellow AmCham China members. These company sponsored events are free for all AmCham China members and employees of member companies. The M2M program and any use of AmCham China's name and participation by AmCham China's personnel in such program in no event constitutes an endorsement, express or implied, of any product, service, program or company. AmCham China reserves the right to offer, modify, suspend or cancel the M2M events in its sole discretion.
Buzzacott's presence in Hong Kong, supported by their 50-strong team in London, provides a timely, bespoke and personal expatriate tax service. They assist individuals living in Asia to navigate through the ever-increasing US and UK regulatory tax requirements, ensuring that tax planning opportunities are maximised and wealth protected. The advice they provide is the product of 40 years' specialist experience and constantly keeping up to date with the ever changing rules and regulations of both the US and UK tax regimes.
Martin Rodmell (deVere Group Beijing Office) - Area Manager
deVere Group is the world's leading independent international financial consultancy. They have more than 80,000 clients in over 100 different countries, and over $10 billion of funds under advice. Since its beginning, deVere Group has sought to grow and develop hand-in-hand with its clients, and as a result, have expanded their global presence to accommodate their clients, wherever they choose to establish themselves in the world. Global offices include the leading financial centers of New York, London, Geneva, Hong Kong & Tokyo.
This event is sponsored by deVere Group.
The M2M series (Member-to-Member) is AmCham China's commercial event platform. M2M events are sponsored by companies seeking to share the latest information about their products, services, technologies or expertise with fellow AmCham China members. These company sponsored events are free for all AmCham China members and employees of member companies. The M2M program and any use of AmCham China's name and participation by AmCham China's personnel in such program in no event constitutes an endorsement, express or implied, of any product, service, program or company. AmCham China reserves the right to offer, modify, suspend or cancel the M2M events in its sole discretion.
