Author name: Aline Ribeiro

Requirements for “effective ownership” reporting are outlined in a final rule issued by the US Department of the Treasury

A final rule designating what types of legal entities will be required to report information about their beneficial ownership was recently issued by the US Treasury Department’s anti-money laundering unit. This government initiative is an attempt to uncover corrupt companies that are enjoying the benefit of anonymity. It is worth mentioning that the final rule …

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Corporate Transparency Act: Reporting will have new requirements for most corporate organizations

Approved in 2020 as part of the money laundering act, the Corporate Transparency Act (CTA) has increased reporting coverage for most corporates in the US. The CTA emerges as a joint attempt by different government areas to combat money laundering and other illicit activities and align reporting requirements with international standards. The CTA fights against …

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L Visa for a New Office – The importance of the US office’s size and location

By: Fabiana Guerra, Chris Costa and Louanni Ribeiro The L visa is an employment visa whose purpose is to allow the transfer of employees (specialist professionals, managers and executives) from a foreign company (for example Brazilian) to its affiliate in the USA, including when this affiliate was established less than a year ago or is …

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IRS announces that it will eliminate $1.2 Billion in Late Fees from pandemic

The IRS recently reported that it will eliminate certain late fees for taxpayers who have struggled to file their tax returns on time during the pandemic. The IRS estimates that about 1.6 million taxpayers will receive more than $1.2 billion in penalty relief. Refunds or credits will be automatically issued by the agency for most …

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Additional IR funding should enable increased tax compliance among high-income families and companies

Recently, the Senate passed the Inflation Reduction Act, which includes funding to help the IRS close the roughly $600 billion annual difference between legally owed taxes and paid taxes —a difference that reflects the absence of tax compliance by high-income people. The idea is to raise $204 billion in funding by 2031, for a net …

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Graduation may facilities obtainment of visa in some European countries

Did you know that the fact of having studied in a renowned university may facilitate the obtainment of a visa in some European countries? Such is the case in Portugal, France and United Kingdom. The application process varies depending on the country and has some specific rules. See more information below: United Kingdom The British …

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FATCA: Implications for Brazilian Banks that decide to go to the USA

If you live in the United States and have accounts or investments in other countries, you must have already heard of FATCA. This acronym, which stands for Foreign Account Tax Compliance Act, refers to the U.S. law that regulates investments and tax accounts belonging to U.S. Persons who are outside of U.S. territory. To understand …

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