Monday, February 1, 2021

Why America Is the Leading Jurisdiction For Trusts

Jimmy Sexton, LL.M., of Esquire Group, highlights how America's rejection of OECD tax initiatives, its economic might, and specific tax rules combine to make America the leading jurisdiction for asset protection trusts settled by foreigners.

Over the years, a handful of jurisdictions gained a reputation for offering trusts that provide privacy and "bulletproof" asset protection. But their reputations were earned in a bygone era.

Legal, regulatory, and political systems have changed so radically over the last decade that storied jurisdictions are quickly losing their usefulness and relevance.

Twitter: @tax
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Quite a lot has been going on:

Bloomberg - Are you a robot?
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Final Regulations on 45Q Carbon Capture Credits Released

Section 45Q, enacted in 2008 and expanded by the Bipartisan Budget Act of 2018, seeks to incentivize the reduction of carbon oxide emissions and the efficient use of carbon oxide, including for purposes of enhanced oil recovery.

Section 45Q does not define carbon capture equipment. The Proposed Regulations generally provided that carbon capture equipment includes all components of property that are used to capture or process carbon oxide until the carbon oxide is transported for disposal, injection or utilization. They also listed items included in, and excluded from, the definition of carbon capture equipment.

Publisher: The National Law Review
Date: 5493B547C0AB527FF4CF8C4D0127302A
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Italian Citizenship by Investment- Laws, Regulations, and Necessary Prerequisites | Sponsored |

If you talk about the economic force in Europe, you'll always find Italy as one of the attractive prospects for investments. In fact, it is the third-largest economy in the European Union and is growing steadily year after year.

While it's widely known for its art, food, and rich history, investors explore the place for R&D, innovation, design, and manufacturing. Why? It's because Italy has a well-established infrastructure for these areas of interest. It does not end there. Its location and environmental conditions make it the gateway to the European market.

Publisher: The State Journal
Author: Sponsored Content
Twitter: @statejournal
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This may worth something:

Torrance CA Tax Preparation Financial Planning Accounting Services Launched

The newly launched tax preparation services at Allman & Allman aim to help clients save money by finding credits and deductions they qualify for, as well as comply with local, state and federal tax regulations.

Tax preparation is an integral part of one's overall wealth management strategy. However, many find it overwhelming and complicated to prepare their taxes.

Allman & Allman is a CPA firm with extensive experience in tax planning and preparation. The firm can solve a multitude of complex tax issues, from preparing the client's annual tax returns to overseeing their investments, and ensure that all tax preparations and filings are done accurately.

Publisher: GlobeNewswire News Room
Date: 2/1/2021 3:36:22 AM
Author: Allman Allman
Twitter: @globenewswire
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Utah's Effort To Expand Regulatory Sandboxes Is Smart Move

An elevated view of Utah's State Capitol building in springtime, located to the north of Salt Lake ... [+] City center.

Making sure every industry has access to a sandbox for experimentation and working out kinks is a smart move. It is hard to predict where the next big innovation is going to come from. Industry-specific sandboxes that limit access may stifle the next big innovation simply because the firm with the great idea was not in the "right" industry.

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Publisher: Forbes
Date: 2021-02-01
Author: Adam A Millsap
Twitter: @forbes
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No. 1 tax tip for 2020 returns: File early – Press Enterprise

As with everything else in our new normal, this year’s events will be managed a little differently. The Academy Awards ceremony has been postponed to the end of April, and films will be streamed online instead of screened in theaters.

The NBA lengthened the season while reducing the number of total games, Kobe will be with us in spirit, and many arenas will still not have fans in the stands.

So how will the filing of our 2020 taxes change? This year the IRS delayed the start of tax season, which is the first day they will start to process returns, to Feb. 12 and has promised to speed refunds during the pandemic.

Publisher: Press Enterprise
Date: 2021-01-30T13:00:44 00:00
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DuPont Announces Preliminary Results of Exchange Offer in Connection with IFF Transaction

WILMINGTON, Del. , Feb. 1, 2021 /PRNewswire/ -- DuPont (NYSE: DD ) announced today the preliminary results of its exchange offer in connection with the previously announced separation of its nutrition and biosciences business (the "N&B Business") and merger of Nutrition & Biosciences, Inc. ("N&B"), a DuPont subsidiary formed to hold the N&B Business, with a subsidiary of International Flavors & Fragrances Inc. ("IFF") (NYSE: IFF ).

The final exchange ratio for the exchange offer was set at 0.7180 shares of N&B common stock for each share of DuPont common stock that is validly tendered and not properly withdrawn and accepted for exchange. Upon completion of the merger of N&B with a subsidiary of IFF, each share of N&B common stock will be converted into one share of IFF common stock.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: DuPont
Twitter: @PRNewswire
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The Relevance Of The Natural Sciences Methods In Economics

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