Alston & Bird hosted this roundtable luncheon for the German American Chamber of Commerce in its New York office. The event focused on tax challenges that foreigners face before, during, and after being employed in the U.S. The panel included Glenn Fox and Matthew Stevens. The following topics were addressed.
- Pre-immigration planning: U.S. and German planning before establishing U.S.
- Sheltering assets from the U.S. estate tax
- U.S./German Estate and Gift Tax Treaty benefits - 10 year grace period
- German tax structuring prior to emigrating from Germany to the U.S.
- U.S. entry documents - Tax issues of visa vs. green card
- U.S. income tax planning
- Planning while stationed in the U.S.
- U.S. transfer tax and estate planning for multinational individual, with an emphasis on recent 2010 Tax Act, domicile determination, estate taxation of domiciliaries, and implications of treaty
- German transfer tax and estate planning for the German expatriate residing in the U.S. with assets and/or family in Germany, with emphasis on trusts
- U.S. income tax issues for the multinational individual including residency tests, Foreign Bank Account Report ("FBAR"), Foreign Account Tax Compliance Act of 2001 ("FATCA"), and interests in foreign corporations
- Planning prior to returning to Germany
- Pre-departure U.S. income tax planning
- Ramifications of the U.S. expatriation tax
- Impact of retiring in Germany on U.S. IRAs and other Retirement Plans
- Implications of trusts established while in the U.S. upon return to Germany
September 13, 2011
12:00pm - 2:00pm
Alston & Bird LLP / 90 Park Avenue / New York, NY