Garza Harris Ltd. To Attend Capstone Conference As Partner
201606.14
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Garza Harris Ltd. To Attend Capstone Conference As Partner

Garza Harris Ltd. has joined as a partner with Capstone Conferences for the upcoming mid-July event at the Gaylord Texan Resort and Convention Center. The conference will take place from July 15-16, and high net worth individuals will come from around the United States to participate in networking, talks, and peer-to-peer learning. Capstone Conferences act…

Over 1 Million Americans Have Now Filed For the FATCA
201604.08
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Over 1 Million Americans Have Now Filed For the FATCA

FATCA filings have grown steadily over the last five years—17% per year, in fact—and Forbes recently reported that 1,163,229 Report of Foreign Bank and Financial Accounts (FBARs) were filed in 2015. That would be over 1 million Americans, many of whom are middle class citizens working abroad, who must fill out hundreds of pages of…

Starbucks Ordered to Pay 20-30 Million Euros in Back Tax
201510.26
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Starbucks Ordered to Pay 20-30 Million Euros in Back Tax

On October 21st, the European Commission held a conference ordering Starbucks, among other companies, to recover what they consider unpaid taxes. The Commission claims that Starbucks, headquartered in Amsterdam, used a British shell company, Alki, to avoid paying tens of millions of euros in tax. Starbucks transferred millions to Alki (an un-taxed entity) in royalty…

What is Double Irish?
201509.16
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What is Double Irish?

While it may sound like a fancy cocktail, Double Irish is one of the most effective and complicated tax strategies around. Companies like Google, Apple, and dozens of other companies have used it as a way to save billions of dollars in taxes. So how does it work? A corporation organized under United States law faces…

Could the U.S. Ever Adopt a National Sales Tax? [Slideshow]
201508.13
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Could the U.S. Ever Adopt a National Sales Tax? [Slideshow]

In the race for the GOP presidential candidacy, conservative campaigners have sparked new conversations about tax reform. Rather than simply calling for measures to eliminate certain tax breaks or lower income tax rates, candidates like Rand Paul and Ted Cruz are calling to abolish the IRS altogether. Since 2013, Senator Cruz has been a staunch…

IRS Demands That Foreign Banks Track Offshore Accounts
201506.24
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IRS Demands That Foreign Banks Track Offshore Accounts

In a recent agreement with the IRS, the Vatican Bank agreed to adopt the Foreign Account Tax Compliance Act (FATCA), which was passed in 2010 to target non-compliance to US tax obligations. This is the first inter-governmental agreement (IGA) between the Holy See and IRS and is being used as a way to promote anti-money…

Foreign Acquisition of US Pharmaceuticals Poses New Threat to Inversion Regulations
201505.28
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Foreign Acquisition of US Pharmaceuticals Poses New Threat to Inversion Regulations

Despite efforts made by the Obama Administration to close corporate inversion loopholes, the number of US corporations moving overseas continues to climb. In the most recent merger deal, Endo International PLC, formerly based in Pennsylvania, found another way to take advantage of the remaining loopholes. The high profile drug company, now headquartered in Ireland, has…

Garza Reveals Firm’s Excellent Track Record at Miami Conference
201505.25
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Garza Reveals Firm’s Excellent Track Record at Miami Conference

At a private conference in Miami, Attorney Joe Garza, senior partner at Garza & Harris, introduced high net-worth guests to a range of complex estate planning methods. As Garza explained, his firm specializes in estate planning for entrepreneurs, helping clients build upon their success despite the rising U.S. tax rate. The Escalating Tax Rate “One…