The International Business Structuring Association (IBSA) is the worldwide community for practitioners dealing with international business structuring and regulatory compliance. The association enables international business advisors to access and exchange knowledge, develop professional relationships and discover new business opportunities.
Members of the IBSA are drawn from a wide range of practice, providing advice and services to businesses with footprints in multiple jurisdictions. Members have access to a range of events and resources including Conferences, Webinars, the Knowledge bank and activity programmes led by local Branches in their country.
By becoming a member of the IBSA, you will have access to industry thought leaders around the world and opportunities develop long lasting business relationships. The IBSA is a not for profit association formed for the benefit of its members around the world. Follow us on Twitter @TheIBSA
Under current US law, for 2017, the estate and gift tax exemption will be $5.49 million per individual, up from $5.45 million in 2016. That means an individual can pass $5.49 million to his or her heirs and pay no federal estate or gift tax. Surviving spouses can port over each other’s unused exemptions, allowing a couple to shield just a little less $11 million ($10.98 million) from federal estate and gift taxes. For taxable estates, the rate is 40%. Assets passing at death get a “stepped up basis” that allows capital gains to escape taxation. If a person bought stock for $200,000 and it’s worth $2 million when he or she dies, the $1,800,000 appreciation escapes capital gains taxation—but could be subject to the estate tax depending on the value of the person’s estate (including taxable gifts made during the person’s lifetime).
Over the last 10 years we have seen major changes to the taxation of UK resident but non-domiciled individuals (“non-doms”) and from April next year we will see the introduction of further more radical changes which will substantially change the landscape in which non-doms will operate. In this article I set out some of these points to consider.
Many of you will be familiar with the Polycon case study, which I have often used to illustrate the issues involved in structuring the development of international companies. This was the basis of the recent IBSA annual conference at the Landmark hotel in London, and the issues that were raised were so varied and interesting that I thought I would summarise them – they epitomise the problems and opportunities when helping particularly medium sized companies develop their businesses internationally.
18 Nov 2016
19 Nov 2015
19 Nov 2014