Trans-Pacific Partnership – Dead on Arrival
President Trump formally withdrew the United States from the Trans-Pacific Partnership (TPP) on his first full weekday in office. This “Day-1” executive action fulfills a promise the President made during his campaign and signifies the hard shift his administration will take toward a global economic policy intended to promote “prosperity through protection” rather than through […]
U.S. Dollar Rally: Gone too far or just getting started?
The U.S. Dollar continued its surge last year and finished 2016 near 14-year highs. Whether or not your business engages in international trade, you are likely impacted by foreign currency volatility either directly or indirectly. Staying on top of changes in the currency markets is critical to your company’s success. CSH’s Sean McGrory and Bannockburn […]
New Due Date and Extension for FBARs
According to the U.S. Dept. of Treasury’s Financial Crimes Enforcement Network (FinCEN), the due date for filing Reports of Foreign Bank and Financial Accounts (FBAR) for foreign financial accounts has changed from June 30 to April 15. The new FBAR due date now coincides with the Federal income tax filing deadline. Filers who do not […]
U.S. Dollar Rally: Gone too far or just getting started?
The U.S. Dollar continued its surge this year and should finish 2016 near 14-year highs. Whether or not your business engages in international trade, you are likely impacted by foreign currency volatility either directly or indirectly. Staying on top of changes in the currency markets is critical to your company’s success. CSH’s Sean McGrory and […]
The Truth about Global Trade
Just as we expected – another surprise election result (OK, we were wrong about Brexit and Donald Trump). While the November 8 U.S. presidential election concluded the exhaustive campaign process, the victory by Donald Trump immediately brought questions about his global trade policy to the forefront. Throughout the campaigning process, President-elect Trump spoke frequently about […]
New IRS regulations target earnings stripping
The IRS has issued much-anticipated final regulations intended to keep multinational companies from moving their profits offshore to avoid paying U.S. income taxes. The regulations are part of a larger Obama administration campaign against corporate inversions, whereby a U.S. company merges with a foreign firm and then changes its tax address (domicile) to the foreign […]
U.S. International Tax Policy: Rotten to the Core?
America’s Revolutionary War was fought largely over taxes. More than 200 years later, a new trans-Atlantic battle over taxes could be brewing. Back then the fight was over tea, but today it could be Apple. In August, the European Commission ruled that Ireland must recover up to $14.5 billion from Apple in past tax and […]
Brexit Update: Setting the Stage for a Showdown
Prime Minister Theresa May spoke to UK Conservative Party members on Sunday, October 2, shedding some light on her vision for the country’s withdrawal from the European Union (so-called Brexit). Two keys aspects of this speech are highlighted below. Brexit timetable The prime minister indicated that she intends to invoke Article 50 by the end […]
Nonprofits should look before leaping abroad
Many not-for-profits today look beyond U.S. borders to recruit members, sell products, promote conferences and solicit donations. But before you “raise your flag” in a foreign country, do your research on the following critical issues: The market for your services and products. Make sure that the need for your nonprofit’s offerings is robust enough to […]
Brexit: Beyond the first 20 days
The implications of Great Britain’s historic vote to exit the European Union (Brexit) are far reaching. This surprise decision leaves many questions unanswered about the future of the United Kingdom and the European Union, as well as its impact on the global economy and U.S. business. Malcolm Ward, Global CEO of AGN International, provides his […]