À la suite d’une série d’ordonnances de la Cour qui ont débuté en décembre dernier et qui ont été suivies d’un revirement par le secrétaire du Trésor, l’application de la Corporate Transparency Act (« CTA ») a été très restreinte. La CTA exigeait que les identités des bénéficiaires effectifs des entités américaines et étrangères …
Ce qu’il faut savoir en date du 29 décembre 2024 : une injonction visant la loi sur la transparence des entreprises (« Corporate Transparency Act (CTA) » en anglais) est en vigueur. En conséquence, les déclarations sur les bénéficiaires effectifs ne sont plus requises. Qu’est-ce que la loi sur la transparence des entreprises (« CTA ») ? En résumé, …
Troisième partie : Le CTA a-t-il été écarté ? Oui, mais non Read More »
At present (December 16, 2024), compliance with the Corporate Transparency Act is not required. Compliance, in the form of filing beneficial owner reports, may be done on a voluntary basis. This change is a result of a recent US federal district court decision which issued a nationwide injunction on CTA compliance. This court case …
Part II: Has the CTA been over-ruled ? – Injunction Time Read More »
The recent (March 1, 2024) US court ruling[i] in federal district court deemed the Corporate Transparency Act (“CTA”) unconstitutional. FinCEN subsequently (March 4, 2024) stated it will not require compliance with the CTA for the plaintiffs in the case; the plaintiffs generally being members of the (US) National Small Business Association (“NSBA. On March …
Background refresher on the Corporate Transparency Act: What is the CTA? – Tax Logicians The CTA imposes specific reporting requirements on entities formed under the laws of foreign (non-US) countries that would otherwise qualify for reporting exemptions (as many US investment entities will be exempt). Let’s delve into the key aspects of this regulation …
Watch our latest video for a short (13 minute) overview of how the CTA can interact with foreign trust structures which invest into the United states. This link goes to the Youtube version of the video: Tax Logicians Trusts and the CTA Nov 8 2023 – YouTube If you want a refresher on …
The new Corporate Transparency Act & Foreign Trusts Read More »
Let’s have a look at what Substantial Control under the CTA really is about. If you want a refresher on the CTA, have a look at this overview: What is the CTA? – Tax Logicians. The CTA requires the disclosure of the ultimate Beneficial Owners of all US business entities, such as corporations, certain LLCs, …
