Determining exactly whose income, gains and assets are subject to the U.S. federal tax system is a complex inquiry, requiring a comprehensive approach without shortcuts. After the rules of international tax principles under the Internal Revenue Code (the Code) and related Treasury regulations have been reviewed and applied – just when you think the process is complete – an international tax treaty or a new tax law can change everything.

With the ever-evolving nature of international taxation, non-U.S. residents or non-U.S. citizens with activities in the United States and their U.S. advisors need to become aware of fundamental, international tax principles in order to avoid the undue application of taxes. This is of importance due to the extraordinarily high level of inbound wealth to the United States. Estimates of recent years report transfers of offshore private wealth into the U.S. exceeded $500 billion annually, originating principally from Latin America and Asia-Pacific.

A paramount first step for an international tax overview is a discussion with an experienced tax professional related to jurisdictional reach of U.S. income tax and the estate, gift and generation skipping transfer (GST) tax system (collectively referred to as the U.S. transfer taxes). In comparison to tax regimes of other countries, the U.S. federal tax system is one of the most aggressive in the world; however, careful planning of inbound activities can mitigate its effect.

In 2017, AWM Global Advisors was ranked by Advisory HQ as one of the top 10 Wealth Advisors in San Diego. AdvisoryHQ considered at a wide range of factors in the selection process including fiduciary duty, independence, transparency, level of customized service and years of experience amongst others. Details of the selection process can be found in the link below. Firms do not pay a fee to be selected nor are they advised that they are under consideration until after the selection is made. No employees or clients were interviewed during the selection process. Third-party recognition from rating services are no guarantee of future investment success. Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of performance. Methodology for Ranking Top Advisors in the U.S and U.K.