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Securing assets in England in support of foreign family law proceedings
Please observe this report was at first printed by Spouse and children Legislation Journal, see here. Litigants in foreign divorce proceedings can secure property in England and Wales in assist of individuals proceedings. This short article sets out some of the selections accessible, specifically at an interim stage. It is value noting that identical relief would be accessible to support other varieties of overseas proceedings – the reduction is not limited to spouse and children law proceedings. The situation of just about every situation need to be viewed as meticulously it is vital to acquire early guidance to assure the belongings in concern are guarded properly and expeditiously. The English…
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Proposed U.S. Foreign Tax Credit Rules Provide Relief for Certain Taxpayers and Ideas for Others
December 1, 2022 Click for PDF The U.S. Treasury Department recently issued proposed regulations[1] to address certain concerns raised by taxpayers and other stakeholders in response to final foreign tax credit regulations published in January 2022[2]. Although the proposed regulations do not grapple with some of the more fundamental problems previously identified by commentators, they do offer taxpayers relief in certain narrow circumstances. In general, the proposed regulations are proposed to apply to tax years ending on or after November 18, 2022 (i.e., starting immediately in 2022 for calendar-year taxpayers). Once the proposed regulations are finalized, taxpayers may choose to apply “some or all of the final regulations to earlier taxable…
