We are pleased to highlight Kevyn Nightingale, a leader in cross-border tax planning at Levy Salis LLP, in his featured commentary for Investment Executive.
Authored by Michelle Schriver, the article “The Outlook for U.S. Taxes Under Trump” provides a timely and in-depth analysis of the potential tax policy changes under a second Trump administration and their implications for businesses, investors, and cross-border planning.
Michelle Schriver
Investment Executive
February 7, 2025
The content below is an excerpt. For full insights, click here to read the full article.
Excerpt from the Article:
Executive orders flew fast and furious during U.S. President Donald Trump’s first days in office, but potential tax changes will be constrained by a more measured pace and a strained balance sheet.
“The U.S. system for legislating tax is quite different than the Canadian system,” said Kevyn Nightingale, leader of cross-border tax planning with Levy Salis LLP in Toronto. In Canada when the finance minister announces a tax proposal, that proposal typically becomes law and is effective retroactively, he said.
That stands in contrast with the U.S., where “nothing is law until it’s law,” Nightingale said. “The president doesn’t sit as a member of Congress — as a representative or as a senator — and so all he can do is put forward a wish list, hoping that somebody in the Senate or House will pick it up and run with it.”
The content below is just an excerpt. For full insights, click the link below.
If you have any questions regarding your specific circumstances or need guidance on navigating cross-border tax obligations, please don’t hesitate to contact us for personalized advice.
The comments offered in this article are meant to be general in nature and are not intended to provide legal advice regarding any individual situation. Before taking any action involving your individual situation, you should seek legal advice to ensure it is appropriate for your circumstances.
About the author
Kevyn is a cross-border tax practitioner with over 35 years’ experience focusing on the intersection between individuals and entities with international tax issues.
His work spans the practical and the academic. He speaks and writes on Canadian and US tax issues, most regularly for Wolters Kluwer (CCH), the Society for Trust and Estate Practitioners and the Canadian Tax Foundation. He has published over 100 papers, including three in major journals that were peer-reviewed.
With more than 30 years of combined experience, we are proud at Levy Salis LLP to provide our clients with tailored services to meet their Canadian, US and Israeli tax and estate planning, US real estate, Quebec real estate and US immigration needs.
