On 2 October, our Private team hosted an interactive panel discussion to explore the latest tax updates from the UK and US.
Featuring insights from Partners Wei Zhang and Timothy Burns, Partner and Head of Private Tax and Wealth Planning Charlie Sosna, Managing Associate Stephanie Lim Pierce and Associate Theodore Tan, the panel delved into:
UK tax update
- the latest developments on the anticipated changes to the UK non-dom regime in advance of the 30 October Budget; and
- what we know so far, what the new Labour Government has indicated they may implement and our own predictions and thoughts on these changes.
US tax update
- the potential sunsetting of certain tax changes under the Tax Cuts and Job Act(TCJA), including the reduction of the unified credit by 50%; and
- implications of the upcoming 2024 Presidential Election.