Nearly all countries outside the United States impose a Value Added Tax (VAT), also called Goods and Services Tax (GST) or Consumption Tax (CT). A physical presence in a VAT jurisdiction is generally not required to be liable for VAT.

Join Andersen professionals on December 3 for a webcast covering important tax and financial updates, including post-election tax policy changes, budget reconciliation, depreciation updates, foreign reporting issues, and other key considerations to help you and your fund prepare for 2025.

Global professional services firm Andersen is launching the Andersen Institute for Finance & Economics under the leadership of Fabio Natalucci to focus on key global trends affecting the world economy, financial markets, and business decisions.

Join Andersen professionals on November 19 at 11 am PST for a webcast covering important tax updates in light of the recent 2024 election results.

Despite easing through mid-2024, the U.S. economy remained surprisingly resilient. Real gross domestic product (GDP) was up by 3% in the second quarter, while inflation trended lower. The Federal Reserve appears to have successfully navigated a soft landing for the economy through a combination of interest rate hikes and quantitative tightening. Though inflation is higher than the 2% target, the Federal Reserve recently cut rates for the first time in four years.

Maintaining wealth across multiple generations is complex. Success involves combining experience and expertise into a coordinated strategy of investment, tax, wealth transfer, and cash-flow planning. In recent years, an increasing number of family offices have been created to help ultra-high-net-worth families manage their wealth. Wealthy families can hire in-house personnel for all these areas, but as outlined below, they often find it helpful to engage third-party providers to complement their family office.

As the sunset of the Tax Cuts and Jobs Act approaches, the time for planning before gift and generation-skipping transfer tax exemptions are cut in half is now.