Archive | December, 2015

Clinton Portis, ex-NFL Running Back, Files for Bankruptcy

December 29, 2015  |   Posted by :   |   International Investors   |   0 Comments

From UPI.com Former Washington Redskins and Denver Broncos running back Clinton Portis, who made about $43 million during his nine-season NFL career, has filed for bankruptcy. A federal bankruptcy filing this week showed Portis owes nearly $5 million to creditors, including $500,000 to his own mother, according to court records obtained by USA TODAY Sports. […]

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Supermodel Bar Refaeli Charged With Tax Evasion

December 23, 2015  |   Posted by :   |   Tax Evasion,Unreported Income   |   0 Comments

By Kelly Phillips Erb, Forbes.com Bar Refaeli, one of the world’s most recognizable supermodels, has been arrested on charges of tax evasion in Israel. According to Agence France-Presse, Refaeli was arrested at her home alongside her mother, Tzipi, and questioned by police for several hours. Refaeli has been accused lying about her residency in order […]

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Delinquent Taxpayers Could Lose Their Passports

December 17, 2015  |   Posted by :   |   International Tax Planning   |   0 Comments

Effective 12/4/15 US Taxpayers with a seriously delinquent IRS debt i.e. over $50k, (including tax, interest, and penalty cumulative for all years) may result in either revocation or denial of a passport (See Sec 32101 of newly enacted “FAST ACT” – Fixing America’s Surface Transportation Act). The US Secretary of State, upon receipt of a […]

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OECD: Common Reporting Standards

December 09, 2015  |   Posted by :   |   International Tax Planning   |   0 Comments

By David Richardson President, Mid-Ocean Consulting Ltd. For over 10 years Mid-Ocean Consulting has been active in structuring international clients affairs in a consistently compliant and transparent manor that optimizes both tax and asset protection, with the minimum of legally mandated reporting. We want to share our research about the new Common Reporting Standards (“CRS”) […]

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The 13 Top-Earning Dead Celebrities Of 2015

December 03, 2015  |   Posted by :   |   International Tax Planning   |   0 Comments

By Zack O’Malley Greenburg, Forbes.com In the time since Michael Jackson’s sudden death in 2009, the financial story that has played out has been nothing short of a thriller. The King of Pop has earned more than $1 billion before taxes since then, enough to pay off his personal debts and then some… Next on […]

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