For successful cross-border families, tax planning is critical. And understanding how taxes will apply to each element of what you own, or what income is due to you, can make a tremendous difference in the efficiency of your financial plan.
It’s important to understand how any type of income and realized capital gains will be taxed and how to comply with international asset reporting requirements (like FATCA). Also, drawing from multiple accounts in different countries can become complicated and expensive, if the tax effect is not considered. International families do have a risk of double taxation, which can be disastrous.
While we do not prepare tax returns, we do specialize in forward-looking tax planning for our clients. We help find efficiencies and save our clients from worries they should never have to experience. And when we see problems with your existing tax reporting, we have a team of tax partners to help you get things right.