& FINANCIAL SERVICES US TAX & FINANCIAL SERVICES ACROSS THE WORLD

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1 & FINANCIAL SERVICES US TAX & FINANCIAL SERVICES ACROSS THE WORLD

2 Company Overview Established more than 25 years ago, US Tax and Financial Services Group handles the cross-border individual, corporation and trust tax affairs for those subjected to the US, UK and other international tax systems. We advise and prepare tax returns fo r a wide range of individual and corporate clients in over 32 countries. Times are changing rapidly with new laws being implemented that affect US persons living and investing abroad. It s important to get accurate advice about how to navigate through and stay compliant with the laws, especially as life s events occur which affect your tax and investment planning. We would welcome the opportunity to assist you. US TAX & FINANCIAL SERVICES ACROSS THE WORLD

3 US Individual Tax Under the US tax system, US Persons -citizens, green card holders and residents- are required to file annual US income tax returns reporting worldwide income no matter where they live. The United States imposes personal income taxes based on a system citizenship taxation under which all citizens of the US and others classified as US persons are taxed under the same personal income tax system, wherever they reside. A move overseas exposes you to additional US tax compliance and planning issues. Starting in 2014, foreign financial institutions will be required by the US government under the Foreign Account Tax Compliance Act (FATCA) to report information regarding accounts of US citizens to the IRS. This law requires foreign financial institutions like your local bank, stock brokers, hedge funds, pension funds, insurance companies, trusts, etc. to report directly to the IRS all their clients who are US persons. The penalties for the institutions that do not cooperate are steep. See our dedicated page for more information: In January 2012, the IRS re-opened the offshore voluntary disclosure program. The program is similar to the 2011 OVDI initiative with a few key differences. Details can be found by following the link below:

4 Now is a good opportunity to get up to date on your US filings with confidence. In addition to the new Voluntary Disclosure program, there are several other options for you. We can advise and walk you through them so that you can make an informed decision. US Tax is one of the most experienced firms in the world for doing voluntary disclosure compliance having processed more cases and returns than virtually any other firm through the last two programs in 2009 and Even non-americans may have US filing requirements people moving to the US to work, partners of a US partnership, owners of a US property or those doing business in the United States may need to file returns. Our in house team of US attorneys and tax professionals have a great deal of experience in these issues. We provide practical and specific assistance in all areas of US individual and corporate tax compliance and planning. The individual and compliance tax team of US Tax can assist you with areas such as:

5 UK Individual Tax All expatriates living in the UK can minimise exposure to UK tax by using a tax efficient structure of their compensation packages, assets and investments. It s important to coordinate tax planning in accordance with the tax legislation of the UK or other countries as required. This achieves the most beneficial tax treatment for individuals living in the UK and moving to work and live abroad. Early advice and planning can help to significantly reduce overall taxation and avoid penalties for not filing in a timely way. We can help you with the following: and non-residents consequences of their stay in the UK to provide tax effective compensation

6 Estate Planning & Trusts Without proper Estate Planning, Americans and residents abroad can be subject to substantial tax on the transfer of their assets by gifts, divorce settlements or at death. US Tax has over 25 years experience in planning, including the use of trusts, life insurance and advice on wills or divorce settlements which can often reduce the taxes imposed by the US tax system. We can assist you with planning of the following: tax burden to your estate implications including pension and life insurance advisors

7 US Corporate Tax As part of a successful plan for growth, whether your US business is thinking about international expansion in today s global economy or whether your international business is looking to open US operations, getting a cross border tax strategy can reduce tax burden and add efficiency to your operations. We can help you with the following: international operations businesses wishing to establish or expand US operations assistance with due diligence and structuring for US income taxes in foreign entities

8 Get in touch Our global headquarters is in London and we have offices in LONDON US Tax and Financial Services Ltd London SE1 2TU United Kingdom GENEVA US Tax and Financial Services Sàrl (entrance rue du Petit-Senn) Switzerland ZURICH US Tax and Financial Services Sàrl Switzerland TEL AVIV US Tax and Financial Services Middle East GmbH 4th Floor Ramat Gan, Israel US Individual Tax Helena Turner UK Individual Tax Sara Shahran Corporate Tax Bradley Albin Estates and Trusts Andrew Aldridge For all enquiries Gregory Dean For all enquiries Mary McNabb For all enquiries Leonard Tuber & FINANCIAL SERVICES