WTAS Announces UK Tax Desk

WTAS provides comprehensive solutions to international tax and wealth issues facing today’s increasing population of global high net worth individuals. They must consider not only the laws of citizenship and permanent residency, but also the tax laws in jurisdictions where they have investments or may temporarily reside.

Individuals

To help these families, we understand and provide advice on the tax aspects of a range of situations, including:

• UK or other Foreign Investment by U.S. Persons
• International Executives
• Pre-immigration Planning by UK Individuals
• Expatriation / Relinquishment of U.S. Green Card
• International Estate and Gift Tax Planning
• Foreign Trusts
• U.S. Investments by UK Individuals and other Non-U.S. Families
• Tax Compliance and Information Reporting

Businesses

WTAS has extensive experience in advising multinational businesses on tax aspects of international activities, including new and traditional tax planning opportunities. Significant international tax practice areas include:

• Structuring/restructuring non-U.S. operations of U.S.-based corporations for more efficient management of their global tax position, including matters such as entity selection, use of holding companies, tax treaty issues, financing issues, foreign tax credit planning, migration of intangible property through cost-sharing, and coordination with local-country advisors
• Structuring inbound U.S. investment of non-U.S. corporations, including overall structure, financing issues, U.S. tax on income from operations
• Foreign tax credit maximization, including determining eligible credits, income-sourcing rules, credit redeterminations and basket-transitioning rules
• Subpart F income to maintain tax deferral on income from non-U.S. operations
• Alternative investment vehicles including structuring hedge, private equity, and venture capital funds to minimize U.S. taxation of U.S. and non-U.S. investors
• Effective use of passive foreign investment companies (PFICs) and controlled foreign corporations (CFCs)
• U.S. taxation of foreign-currency gains/losses

Valuation

• Business valuations for accounting/tax purposes

Located in the WTAS New York City office, our UK Tax Desk is headed by David Roberts. Roberts qualified as a tax professional in the United Kingdom and provides U.S./UK cross border tax planning. Our UK Tax Desk joins our existing Argentina and China Tax Desks at WTAS. All are available to support you with your international tax planning opportunities, including tax compliance and information reporting.