Carl Christian Thier on LinkedIn: BoBo Fintech: Revolutionising Wealth Management For The New Generation Of… (2024)

Navigating estate planning when one spouse is a non-U.S. citizen requires specialized knowledge of international tax and immigration laws. Understanding residency, domicile, and the impact of property location is crucial for effective wealth distribution. Consider strategies such as Qualified Domestic Trusts to mitigate potential estate tax consequences. At the end of the day, it's best to consult with experts in international estate planning to ensure comprehensive and compliant wealth transfer for couples with mixed citizenship. #EstatePlanning #InternationalEstatePlanning #InternationalTax

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Are you keeping an eye on these developments in international tax policy for the second half of 2024? Discussions on a global tax on billionaires, the future of digital taxation, and the potential shift from the OECD to the United Nations for global tax matters are a few of the big trends to be tracking. Key considerations include compliance with Pillar Two and the U.N.'s efforts to take the reins in corporate tax reform negotiations. There’s always something brewing in the evolving landscape of international tax policy. Ask an expert for more guidance!#TaxPolicy #GlobalTax #UNvsOECD #PillarTwo

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As the global supply chain expands, seamless cross-border payments are becoming essential for international commerce. The latest McKinsey Global Payments Report highlights the significant growth in electronic transactions, emphasizing the need for businesses to leverage embedded payment solutions for efficiency and competitiveness. With the rise of digitalization and shifting foreign exchange rates, businesses can unlock increased efficiency, reduce costs, and mitigate risks with the right cross-border payment solution. Embracing a global payment solution can empower international growth, align with buyer preferences, reduce risk, and ensure regulatory readiness in an increasingly interconnected world. #InternationalBusiness #CrossBorderPayments #Digitalization #ForeignExchangeRates

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Was your international business affected by the recent Microsoft outage? It has highlighted the importance of robust IT infrastructure for businesses across the globe. The interconnected nature of today's technology landscape means that disruptions can have global implications. It serves as a reminder for companies to prioritize resilience and adaptability in their operations. Developing strong contingency plans is crucial in navigating the digital transformation era and mitigating the impact of unexpected disruptions. #MicrosoftOutage #DigitalTransformation #ITResilience

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Are you looking to optimize your tax situation as an American abroad? Consider the tax benefits of owning overseas real estate, including hiding assets in plain sight and accessing exclusions and deductions for rental income. Utilize the foreign tax credit and 1031 like-kind exchange to reduce double taxation and defer taxes on gains. Take advantage of residency-by-investment opportunities in low-tax jurisdictions to further minimize your tax burden. Reach out to explore how overseas property can be a strategic part of your offshore tax planning!#TaxBenefits #RealEstate #InternationalProperty

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I think it is important to acknowledge the nuances of Economics Minister Robert Habeck's proposal for tax relief for foreign skilled workers. The plan has sparked criticism from various parties, with concerns raised about potential discrimination against German nationals. The debate highlights the delicate balance between attracting foreign talent to address skills shortages and ensuring fair treatment for all workers in the country. It will be interesting to see how this proposal evolves within the context of Germany's broader economic and political landscape. What do you think?#Germany #TaxRebate #ForeignWorkers

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The future of tax dispute resolution is evolving rapidly with advancements in technology, international cooperation, and alternative dispute resolution mechanisms. AI, blockchain, and standardized global practices will play key roles in streamlining the process and reducing disputes. Tax professionals must stay informed and embrace innovative solutions to navigate the complexities of the modern tax landscape effectively. #TaxDisputeResolution #International #StandardizedGlobalPractices

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Navigating financial decisions for cross-border families can be complex, but with the right guidance, it can be managed effectively. Understanding potential obstacles, communicating with family members, and enlisting the help of an expert are key steps to ensure financial stability and success. Don't let distance deter you from achieving your financial goals – seek expert advice and plan ahead for a secure future. #CrossborderFinance #FinancialPlanning #GlobalFamilies

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As the U.S. continues to navigate complex tax landscapes, understanding the legal foundations of such taxes is crucial for both policymakers and taxpayers. The debate around taxing unrealized gains and wealth taxation internationally offers valuable insights into the challenges and considerations involved in implementing these tax policies. Moving forward, staying informed about global tax developments is essential for effective financial planning and compliance.#US #MandatoryRepatriationTax #InternationalBusiness

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