Marcelo Castro Alves Posts New Article to His Website About the ‘Strange Words of the New Normal’

According to Marcelo Castro Alves, Founder of Focus Investment Advisor, Within the Next Couple of Years the Financial Industry will Operate Under New Requirements

MIAMI, FL / ACCESSWIRE / April 23, 2015 / Marcelo Castro Alves, the founder of Focus Investment Advisor, has just posted a new article to his website that takes a close look at what he refers to as “The Strange Words of the New Normal.”

According to Marcelo Castro Alves, within the next two years, the financial world will be working under the new normal requirements. In the newly-posted article, Marcelo comments about a publication written by Fernando Muniz of Dorr Consulting, http://dorrconsulting.com/, about the most important events that are transforming the world and the accompanying strange words like FATCA, CRS, BEPS, and CFC.

As Marcelo Castro Alves explains in his newly-posted article, people must learn the definitions of these new terms, which will help them adapt to the new type of normal. For example, Marcelo explained that FATCA, or the Foreign Account Tax Compliance Act, was approved as a law in the United States in 2010, and really started gaining steam in 2014.

“The FATCA was established to force all American citizens to declare their accounts held outside the U.S. so tax over non-U.S. assets may become possible for collection by the IRS,” Marcelo wrote, adding that today there are more than 110 countries that have signed bilateral agreements with the U.S. or accepted in substance to fulfill the terms of the law.

As for the CRS, or Common Reporting Standard, Marcelo Castro Alves wrote that the OECD implemented the common standard of information exchange in order to facilitate the automatic exchange of information. Immediately afterwards, Marcelo noted, an agreement was signed between 51 countries to implement the standard and its enforcement.

“In total, 66 countries in additions to the European Union that have pledged to adopt the new international standard,” he wrote.

As for the CFC (Controlled Foreign Corporation), Marcelo Castro Alves noted that it is a set of rules governing offshore entities and how their accounting is made in the country of origin and taxation. These long-standing rules in the international world have gained strength in Brazil, he said.

“The need to structure or restructure adequate estate planning, investment vehicles and asset protection-in order to avoid penalties and maintain benefits such as tax deferrals-is more urgent than ever,” Marcelo concluded.

“As the world becomes more transparent and more complex every day, it is time for planning and adaptation to the new normal.”

Disclaimer: Circular 230 Notice: to ensure compliance with requirements imposed by the IRS under Circular 230, Focus Investment Advisor inform readers that any tax advice contained in this communication (including any attachments if any) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code nor State or Local provisions or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please note that Focus does not provide tax, legal or accounting advice. People should seek advice based on their particular circumstances from independent tax, legal and/or accounting professionals before engaging in any transaction which utilizes the services of Focus Investment Advisor LLC.

About Marcelo Castro Alves:

Marcelo Castro Alves has enjoyed permanent residence in the United States since 2003, after eight years of banking in Zurich, Switzerland. He completed his first studies in Sao Paulo, Brazil in1995 when he earned a Bachelor of Economics Diploma. In 1998 he earned a Postgraduate Diploma / Specialization in Switzerland as a Certified European Financial Analyst. For more information, visit http://www.marcelocastroalves.com.

Contact:

Marcelo Castro Alves
mcastro@focusinvest.net
305-961-1108

SOURCE: Marcelo Castro Alves

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