Estate Tax: Effect of the Tax Cut and Jobs Act on German Domiciliaries

On December 22, 2017, Public Law 115‑97 ("Tax Cuts and Jobs Act") was enacted. Sec. 11061 of the Act more than doubles the estate and gift tax...

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U.S. Tax Court: German Who Gave Up U.S. Residency Liable for Exit Tax

The case involved a German national, Mr. Topsnik. Mr. Topsnik was born in Germany and moved to the U.S. obtaining a green card and residency status in...

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New Regulations Change Withholding Requirements for Dispositions of U.S. Real Property

The IRS has issued regulations pursuant to the Protecting Americans from Tax Hikes Act (“PATH”) that make changes to the income tax withholding...

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Michael Jackson and US-Federal Estate Tax

The increase in the estate tax threshold to $5.25 million has significantly decreased the estates captured by the U.S. estate tax. The IRS reported...

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ECJ Rules that the German Inheritance Tax Act Violates European Law

This summer we reported on the Advocate General’s opinion on the matter Yvon Welte v. Finanzamt Velbert. The matter concerns the question as to...

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German Inheritance Tax: Federal Tax Court judgment on double (inheritance) taxation

On 19.6.2013 the German Federal Tax Court held that the guarantee of property does not require Germany to credit foreign inheritance tax levied by...

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British Columbia: Wills, Estates and Succession Act will come into force March 31, 2014

New probate rules and the Wills, Estates and Succession Act (WESA) will come into force officially on March 31, 2014.

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Victoria (Australia): Succession Law Reform Act

Victoria (Australia): Succession Law Reform Act

Submissions for this inquiry closed on 28 March 2013. Submissions will be published on this site in...

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UK: Draft Inheritance and Trustees’ Powers Bill

Draft Inheritance and Trustees’ Powers Bill

Overview

Introduction

Consultation on the draft Inheritance and Trustees’ Powers Bill. This Bill gives...

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