Recently, I was asked by Islamic Finance News, a leading provider of news in the Islamic financial world, to write an article addressing a largely unexplored topic. What is it? Why is it essentially uncharted and not discussed? The topic involves the unique impact on financial and other transactions when US tax and Shariah laws … Continue reading Clash of the Titans: Can we Harmonize US Tax and Shariah Laws?
Recently I was the guest speaker on Jimmy Sexton’s podcast discussing all things related to an entity called a “foundation”. A foundation is a creature of a country’s statutory law, but foundations are not well understood in common law jurisdictions, such as the United States. In the podcast, we looked at the difference between civil … Continue reading The Flexible “Foundation” – It’s Becoming a Thing!
Proud to announce publication of my article Handle With Care: How Sharia Law and U.S. Tax Law Affect the Foundations Regime in the United Arab Emirates in Tax Notes International (TNI) Vol. 98 No. 5 May 4, 2020. Available at no cost on SSRN. The article discusses the US tax treatment of the newest "foundations" … Continue reading Handle With Care: How Sharia Law and U.S. Tax Law Affect the Foundations Regime in the United Arab Emirates
Life gets confusing when you’re an American and you’ve married a “foreigner”. Aside from the cultural and social differences you may encounter, you cannot forget that your US tax situation will now become even more complex. Many of my tax blog posts explain the thorny side of filing US income tax returns, FBARs and various … Continue reading The Foreigner and the Taxman: Are You “Married” for US Income Tax Purposes?