Cross-border tax & compliance insights

EB-5 visa – The Golden ticket that takes you to the USUnderstanding the EB-5 Visa Celebrities like Farah Khan, Trisha, and KS Chitra have recently been given the Golden Visa for UAE. A Golden Visa is considered just as precious as it sounds. It is an ‘immigrant investor program’ wherein an individual can obtain resident status in a country by making a significant amount of qualified […]News · Dec 17, 2021Read the article Opening a Business Account in US without Leaving Indian SoilThe Prospect of Opening a Business Account in the USA from India Over the course of the years between 1980 until 2019, the Indian immigrant population in the United States saw a 130 fold increase. As of 2021, Indian Americans make up about 1.2% of the US population, which comes up to about […]News · Dec 16, 2021Read the article The End is Near: We Mean the Tax Year 2021The Tax Year-End is Nigh! It is that time of the year when we look back, take stock and ask ourselves: did we abide by all the New Year resolutions we made? Did we fulfil all the promises we made to ourselves? It is also the time when the taxman comes calling.  We […]News · Dec 15, 2021Read the article Regulating the unregulated– Should Governments be able to regulate CryptocurrencyShould Governments regulate Cryptocurrency? It is not a surprise that the changing landscape of the digital environment has brought with it a lot of changes, both good and bad. The one aspect that is at the top of that ranking table is Cryptocurrency. Bitcoin, Ethereum, Tether, Solana are just a few of the 13,000 Cryptocurrencies […]News · Dec 14, 2021Read the article Elon Musk’s Tesla Stock Sales Demystified!Elon Musk Sells his Tesla Stocks – So What? Elon Musk seems to be omnipresent. He manages to find a place for himself in every single news cycle. Whether it is for overtaking Jeff Bezos to become the richest person in the world, giving his son a name no one can pronounce, or for exclaiming […]News · Dec 14, 2021Read the article Guide to Taxation for Current and Potential Green Card HoldersThe Taxation side of the Green Card Story If you think cryptocurrency is the most coveted commodity in the world right now, think again. It’s not. It is the Green card, also known as the Permanent Resident Card. And as long as the US is dominating the world economy and providing numerous opportunities for lifestyle […]News · Nov 30, 2021Read the article Tax Implications for NRIs in IndiaResidential status in India Resident: An individual citizen of India or a person of Indian origin (PIO) is considered as a ‘Non-resident Indian’ if he does not reside in India. What the word “reside” mean in this case, is crucial. Section 6 of the Income-Tax Act lays down the following two conditions for a person […]News · Nov 25, 2021Read the article Dollarize your investments – Guide to investing in the US share marketThe Lucrative US Share Market If you’re a fan of Shark Tank, you know who Kevin O’Leary is. And you probably also know that he said if we stop buying coffee every day for 40 years, we could buy a house from the money we’ve saved. On similar lines, Australian Real Estate Agent Tim Gurner […]News · Nov 20, 2021Read the article Comparison of US and India Tax SystemsSimilarities and Differences in Tax Slabs – US and India Both India and the United States have what is known as a progressive tax system, which means that the tax levied upon individuals in such a system is based on their ability to pay, which in other words means their income. As a person earns […]News · Nov 16, 2021Read the article Incorporation of Subsidiaries in US by Indians – USA and India CFOTake your Business across the Atlantic Incorporation is when a company is legally recognized as its own entity, separate from the owners. It is essential for a company to get incorporated as it brings many advantages like tax gains, establishing perpetual existence, ease of transfer of ownership and many more. It is beneficial for the […]News · Nov 13, 2021Read the article All you need to Know about FATCAWhat is FATCA? The Foreign Account Tax Compliance Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act by President Barack Obama in 2010 to encourage businesses to hire unemployed workers by offering incentives to employers. To fund the HIRE incentives, revenue-generating provisions were included in the HIRE Act through […]News · Nov 9, 2021Read the article DTAA – Residential Status Norms and their ImplicationsThis article is the second one in a series on the Double Taxation Avoidance Agreement between India and the USA and discusses its implications on individual persons.   Matters concerning artificial persons will follow in the next article in the series. The first one giving salient features of the DTAA can be accessed here. Residential […]News · Nov 6, 2021Read the article A Guide to Foreign investments in Indian businessesIndia is one of the fastest-growing economies in the world. Apart from that, according to the UN Population Fund, India is said to have the youngest population until 2030. Even though India is rich in terms of the talent available, industries and businesses often fall short of funds. In such cases, they tend to […]News · Nov 1, 2021Read the article Role of the CFO in Digital TransformationThe lineage of the CFO can actually be traced back to a specific year in corporate history, namely, 1976 when the SEC (Securities and Exchange Commission) introduced brand new, never-before-seen accounting standards that 1000 of the largest companies in the USA needed to use for reporting assets. The legal ambiguities involved therein prompted several […]News · Oct 20, 2021Read the article The Pandemic Pulse: Tax-Related Developments due to COVID-19 in USA and IndiaUSA As of September 2021, USA has witnessed over 652,000 deaths culminating from more than 40.5 million infections. The economic burden of such a sweeping medical emergency has been, needless to say, extreme. The unemployment rate in US rose to over 14.7% in April of 2020, merely months after the pandemic was in full swing. […]News · Oct 16, 2021Read the article