income tax

What Will Congress Do with the Donation Rule?

Gerry W. Beyer
March 21, 2012 23:24

The Donation Rule expired at the end of 2011 and Congress has not given any indication that it will be renewed. Under the previous rule, An IRA owner over 70 ½ could directly transfer IRA funds to a choice charity...

SHARIA’A COMPLIANT AIRCRAFT FINANCING IN ARUBA

Karel Frielink
March 21, 2012 18:53

Using a Curacao Trust or Private Foundation In this memorandum the possibilities for Sharia’a compliant aircraft financing by registering the aircraft in Aruba and using a Curacao Trust or Private Foundation are outlined (click here). Aruban and Curacao law make it possible to ensure that the...

How Mega Millionaires Escape Paying Taxes

Gerry W. Beyer
March 21, 2012 15:00

Max R. Levchin, chairman of the social review site Yelp, sold 3.1 million shares of the company held in his Roth individual retirement account in 2010. He received $10.1 million from the sell, and while most of the amount was...

Budget 2012 - key points for Private Clients

Barry Hallam
March 21, 2012 14:27

Today’s Budget speech included a number of points for private clients. In advance of the detail, the main points are as follows: Personal Allowance to be increased to £9,025 from April 2013 for all. Age Allowance for those over 65 with modest income to be gradually withdrawn...

House Republicans' 2013 Budget Proposal

Gerry W. Beyer
March 21, 2012 01:00

Republicans in the House want to reduce rates and the number of income tax brackets in their 2013 budget proposal. They want to have two brackets instead of six and set the rates at 25% and 10%. The current top...