by Mark Rayner | Jul 27, 2026 | TAX
Surprise to some – the international players and teams who travelled to the USA will be liable to United States income tax on their “earnings” including prize money. US 30% default tax US federal income tax law provides for an automatic deduction of income tax at a...
by Krishan Parmar | May 26, 2026 | AUSTRALIAN TAX
Written by Sarah Richmond & Krishan Parmar If you own investment property, operate through a family trust, or have accumulated significant capital gains, the 2026/27 Federal Budget will impact you. The 2026/27 Australian Federal Budget, handed down on 12 May 2026...
by Mark Rayner | May 14, 2025 | TAX
US/UK Pensions: General Rules Both the US and the UK allow taxpayers to deduct annual contributions to qualifying pension plans within certain limits. Both the US and the UK may seek tax distributions from pension funds, so double tax mitigation measures are...
by Mark Rayner | May 14, 2025 | TAX
US taxpayers filing annual personal income tax returns may also need to file certain foreign (non-US situs) tax information returns where they meet the obligation to do so. Failure to file these additional returns can trigger automatic penalties of USD 10,000...
by Mark Rayner | May 14, 2025 | TAX
Who is a US taxpayer? Annual US tax filings are required from any US Person who meets the filing thresholds, usually having income and/or gain in excess of the standard deduction of approximately 15,000 USD, or having merely 5 USD in income if electing “married...
