Neil Winward Company Guru

Neil is the CEO of Sevara Capital Advisors. He is passionate about solving tax, accounting and regulatory problems for institutions that have invested billions of dollars of capital in multiple jurisdictions. His company provides solutions for banks, insurance companies and hedge funds to tackle their problems related to tax returns, financial statements, accounting and internal finance matters. Neil holds a master’s degree in Law from the University of Cambridge. 

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Tax Bill - Jobs For Tax Professionals

The bill introduced by Representative Brady of Texas yesterday has the “short title” (Section 1), “Tax Cuts and Jobs Act”. It is the only thing about the bill that could be described as short.

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Sell Your Tax Losses

In 2015, in the wake of the financial crisis, the Treasury Inspector General for Tax Administration published a report, detailing the policy issues involved in the administration of Net Operating Losses (NOLs). It is time to act on this report and to give corporations a straightforward way to trade their losses on an exchange, or at least in a Treasury-approved dark pool.

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Tax Avoidance Alive and Well in Europe

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS) marks the culmination of a project that began some five years ago to save between $100bn-$240bn of taxes currently estimated to be avoided by multi-national corporations such as Apple, Amazon and Alphabet.

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The Internal Revenue Service - Why Politicians Love It

If the Senate passing a budget has moved the needle towards passing tax reform and, assuming the closed-door drafting of coherent tax legislation produces something that lawmakers can read and understand, the Internal Revenue Service (IRS) will have to start administering new rules very quickly indeed if any aspects of the new law are retroactive to 2016. It is worth looking at the IRS and its role to see if it is likely to be up to the task.

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Tax Reform – Corporations and Partnerships

The US Tax Reform is still being formed in the abattoir of Washington DC. Since the reform proposal has a lot to say about the relative roles and tax rates applied to corporations and partnerships, it is time to take a quick look at the history of these.

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Latest Tax Reform Proposal

Having described the taxonomy of the US Tax Code in the last article, it is worth taking a look at two of the most discussed areas of the Code: Partnerships (Subchapter K) and Corporations (Subchapter C).

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FinTech & Regulation

The promise of Fintech is to improve financial services by the use of technology. Technology has been a key focus for decades in the financial services industry. Unfortunately, this technology has primarily benefited the industry itself rather than its customers. The cost of financial intermediation has been remarkably steady for 140 years.

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US Taxation Reform: A Gordian Knot

The Trump Administration has finally released a more detailed version of proposed tax legislation. It is detailed enough for the lobbying process to begin in earnest. The goal of the next few articles in this series is to focus on the distinct parts of the US Tax Code and explain their relevance to the everyday concerns of business. It is easy to get lost; easy to outsource understanding to a paid cadre of experts whose living depends on first obfuscating and then explaining by the billable hour.

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Hedge Funds & Taxation

Hedge funds are associated with some of the wealthiest people in the world. Names such as Steve Cohen, George Soros, Paul Tudor Jones, Carl Icahn bring to mind images of wealth – both managers and investors – that are beyond the imagination of 99% of the world’s population.

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Taxation & Cryptocurrencies

According to a growing number of investors, cryptocurrencies are not only the future of money, but also attractive profitable investment assets, though highly risky and volatile. As of today, the market capitalisation for Bitcoin has increased tremendously, from around $7.16 billion in May 2016 to $27.9 billion in September 2017.

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