Since Withers partner and latest Hong Kong addition Erik Wallace arrived from London, he has been kept busy with an influx of enquiries surrounding US tax law.
“I don’t think I’ve ever been busier,” the specialist in US tax, probate and trust and estate planning told China Business Law Journal. Wallace said a deluge of enquiries prompted the move from the London office, from where he had assisted Asia-based clients on US tax matters for the past three years.
One of the biggest reasons for this is the US, via the Foreign Account Tax Compliance Act (FATCA), is getting tough on US passport holders and green card holders living abroad who have not been paying their US taxes.
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