Winvest Group Limited Announces It Has Received Approval to Film Its Winnie-the-pooh Prequel in England’s Fabled Hundred Acre Wood

Winvest Group Limited (OTC: WNLV) (“Winvest”), an investment holding company with diverse media and entertainment portfolios, is pleased to announce that it has received approval to film its animated prequel film Beyond Pooh Corner in the same magical woodlands that inspired author A.A. Milne’s beloved Winnie-the-Pooh stories. Directed by DreamWorks alum Mike de Seve (Madagascar), the film will be produced by Winvest subsidiary IQI Media Inc. (Alien Code) in partnership with Baboon Animation (Angry Birds).

What was called the Hundred Acre Wood in Milne’s books (including 1926’s Winnie-the-Pooh and 1928’s The House at Pooh Corner) is a treasure of the English countryside located in Ashdown Forest in East Sussex, 30 miles south of London. In 1925, Milne bought Cotchford Farm on the edge of this forest, and his family began spending weekends and extended stays there. His explorations of the idyllic area with his son Christopher would soon beget a tale featuring some of the best-known characters in children’s literature, including Winnie-the-Pooh, Piglet, Kanga, Roo, Owl, and Eeyore.

Photo credit: Sussex Film Office

Today, this stunning wilderness area containing more than 6,500 acres is owned by the Ashdown Forest Trust and managed by the Conservators of Ashdown Forest. They are committed to protecting a legendary landscape that draws more than 1.5 million visitors annually, many of whom are making a pilgrimage to find the playground of a fictional boy named Christopher Robin and his unforgettable animal friends. Famous landmarks include Pooh Sticks Bridge, the Enchanted Place, Galleon’s Lap, Roo’s Sandy Pit, and Eeyore’s Sad and Gloomy Place.  

“The Sussex Film Office is excited at the prospect of working with IQI Media to facilitate this project and bring it to the home of Winnie-the-Pooh at Ashdown Forest,” said Debi Carter, Production Manager of the Sussex Film Office, which has worked with more than 3,500 productions since its founding in 2016.

“We’re thrilled that the Conservators of Ashdown Forest have approved our request to film Beyond Pooh Corner in the real Hundred Acre Wood,” said Charlene Logan Kelly, Chief Intellectual Officer of Winvest and Head of Production at IQI Media. “We feel this lends an incredible authenticity to our Winnie-the-Pooh origin story and helps us all understand where the magic began. We will be partnering with the Sussex Film Office to complete the filming in the forest, which will involve local talents as well as ensure that this enchanting place is preserved for generations to come.”

About Winvest Group Limited:

Winvest Group Limited is an investment holding company specifically focused on media and entertainment, production and filmmaking, as well as marketing and distribution for all projects on domestic and international streaming platforms and media channels. Winvest will develop and manage a diverse range of multilingual film and television projects. For additional information about Winvest and its investment opportunities, please visit http://www.winvestgroup.co.

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact
Company Name: Winvest Group Limited (OTC Market: WNLV)
Contact Person: Carmen Chai
Email: Send Email
Phone: +1 775-996-0288
City: Reno
State: NV
Country: United States
Website: https://www.winvestgroup.co/

Peace 2000 Asks Israel To Grant Santa Visit To Gaza

Peace 2000 Asks Israel To Grant Santa Visit To Gaza

Reykjavik – 14 December, 2023 – Non profit organization Peace 2000 has today sent an open letter to Israeli Prime Minister Benjamin Netanyahu requesting authorization for Santa to land in Tel Aviv and travel into Gaza.

The letter is as below…

Dear Prime Minister Netanyahu,

The Peace 2000 Institute in Reykjavik, Iceland, has in the past sought to sparkle the miracle magic of Christmas by flying Santa as a messenger of goodwill to war torn countries.

I am writing to you with an appeal for you to open your heart to Santa’s magic this Christmas and grant an authorization for Santa to land his aircraft in Tel Aviv during this holiday season.

Santa’s aircraft will be filled with gifts from Icelandic children to Israel and Palestine children, the innocent victims of an unfortunate war that your peoples have become engulfed in.

Santa wishes to travel through Israel and to Gaza to distribute gifts to children and to meet with Hamas on the ground to request release of hostages. Santa hopes to bring hostages back with him to Israel, and to evacuate relatives of Icelandic families that have entry permits in Iceland, but are currently trapped in Gaza and in urgent need of medical attention.

Santa is a legendary figure based on the wonderful charity of St. Nicholas more than a thousand years ago. In modern times the magic by Icelandic Santa can result in miracles. This transpired when a father, desperate to save the life of his young daughter, walked into the office of CNN in Baghdad with a letter in his hand addressed to God. Three days later Santa landed in Baghdad with an aircraft filled with gifts and airlifted the little girl to a hospital in Amsterdam.

https://peace2000.org/a-letter-to-god-resulted-in-santas-airlift/

I look forward to hearing from you by return, my contact details below.

Yours Sincerely,

PEACE 2000 INSTITUTE

Media Contact:

Thor Magnusson
Vogasel 1, Reykjavik, 109 Iceland
Tel: +354 496 2000
WhatsApp: +34 693776990
Email: thor@peace2000.org
FAX: +1 917 259 1400

About

Peace 2000 is a non profit organization with associates in more than 40 countries. Peace 2000 has several times flown humanitarian aid to children in war torn areas. The organization has been active in activism for peace by producing TV infomercials against violence, assisting volunteers and human shields in war areas, and by presenting the Leif Eiriksson Peace Award.

The United World Foundation (UWF) as established in 1993 as a basis for the Peace 2000 Institute and the Peace 2000 Network founded in 1995 at a town meeting set by the Icelandic Minister for the Environment with 500 people and speakers from organizations around the world, including UNESCO, World Court Project and the Chernobyl Childrens Project.

Making a difference

Peace 2000 has been awarded for its Santa aid flights to war torn areas done under a special permission of the UN Security Council, by the Gandhi Foundation, UNESCO and the Greek Orthodox Church who decorated its founder, Icelandic Presidential Candidate Thor Magnusson with their Holy Gold Cross for humanitarian work at a ceremony in memory of Mother Theresa and Princess Diana.

The work of Peace 2000 has been featured by REUTERS, CNN, ABC, CBS and others. Peace 2000 has worked together with several other charities, including the Red Cross and the Red Crescent.

Earthchild.net is a part of our organization and is currently working on introducing new concepts for a green environment.

Media Contact
Company Name: Peace 2000
Contact Person: Media Contact
Email: Send Email
Country: Iceland
Website: http://peace2000.org

Grandmaster Jamie Cashion Inducted into the London International Martial Arts Hall of Fame

Fort Worth, TX – Grandmaster Jamie Cashion, a 9th Level Black Belt in American Karate, was inducted into the London International Martial Arts Hall of Fame at the organization’s 18th annual awards banquet. The event, which took place on Saturday, June 24, 2023, at the Copthorne Tara Hotel, Kensington, honored martial artists from around the world for excellence in their respective arts. Proceeds from the awards banquet supported the work of Cancer Research UK.

Established by Grandmaster Gary Wasniewski in 2005, the London International Martial Arts Hall of Fame is the oldest martial arts Hall of Fame in Europe. The yearly event features a Hall of Fame Banquet and numerous seminars and consistently is a sold-out event drawing an international crowd for the festivities.

Grandmaster Cashion has set a strong example in his life through both his martial arts success and his commitment to giving back to the community. He has worked with at-risk youth and underprivileged children in Texas and as far away as Africa. Cashion has been honored by Presidents George H.W. Bush and Bill Clinton with the Presidential Sport Award and by former State Senator Mike Moncrief with the Texas Martial Arts Award. In addition, he has received recognition from other prestigious martial arts organizations, including the Masters Hall of Fame, the USA Martial Arts Hall of Fame, Action Martial Arts Magazine Hall of Fame, California Martial Arts History Museum “Hall of Honor,” The Who’s Who in The Martial Arts Hall of Fame, All Pro Tae Kwon Do Hall of Fame, Elite Black Belt Hall of Fame, Legends of Martial Arts Hall of Fame. Cashion has also received The Joe Lewis External Warrior Award & Official Karate Magazine “Golden Shuto Award.”

“It was an honor and a privilege to be inducted into the London Martial Arts Hall of Fame alongside the one and only Chuck Norris,” said Cashion. “I am humbled and blessed by the opportunity the Lord has given me to be involved in such a wonderful organization.”

For more information or to schedule an interview with American Karate Grandmaster Jamie Cashion please visit his website at www.jamiecashion.com.

To learn more about the London International Martial Arts Hall of Fame, visit the website at www.ty-ga.org/halloffame.html.

Media Contact
Company Name: Grandmaster Jamie Cashion
Contact Person: Media Relations
Email: Send Email
Country: United States
Website: www.jamiecashion.com

Prosper smashes Crowdfunding target raising over £1,000,000 just a month after launch

Prosper smashes Crowdfunding target raising over £1,000,000 just a month after launch

Prosper

Wealthtech platform Prosper has closed its first crowdfunding campaign, raising over £1m and topping up the £3.2m already raised from investors including Monzo’s co-founder Tom Blomfield, Capital One’s co-founder Matt Cooper, and many other high-profile fintech angels.

Prosper was founded by fintech entrepreneurs Ricky Knox, Nick Perrett, and Phil Bungey, who previously built businesses such as Nutmeg and Tandem Bank.

Prosper’s mission is to maximise its members’ potential wealth by offering among the highest cash interest rates in the market, zero-fee index funds and access to private market investments that have the potential to offer higher returns. The company’s key purpose is to disrupt the wealth industry’s typical high-fee culture in favour of the customer.

“Having launched the company only last month, to get such amazing momentum and a fantastic set of new shareholders is a true endorsement,” said Nick Perrett, CEO and founder of Prosper.

“We can now deliver on our mission of maximising the potential wealth of our members from a position of strength.”

The round was 170% oversubscribed with £1.02m raised and hit its £600,000 target in just four hours.

Some 400 investors took part in the round with an average investment of £2.5k per investor, more than double the investments of other recent fintech Crowdfunds, and from as far afield as New Zealand, Malaysia and Australia despite being a UK-only business today.

“Having shipped ISA, GIA and SIPP accounts with access to zero fee index funds this year, we are excited to start helping people maximise their cash interest rate and open up alternative investments in 2024,” Perrett said.

As part of its pre-seed round, Prosper has attracted investments from leading fintech figures including Tom Blomfield, who pioneered Monzo’s first crowdfund that raised just shy of £1 million itself, ComplyAdvantage executive chair Charles Delingpole, and Capital One’s co-founder and Tandem chair Matt Cooper.

For more information, please contact: press@joinprosper.co.uk

Media Contact
Company Name: Pressat
Contact Person: Alison Lancaster
Email: Send Email
Country: United Kingdom
Website: https://pressat.co.uk/

Dutch company DYU launches innovative electric bicycle DYU C1

DYU, the leading electric bicycle manufacturer in the Netherlands, today announced that its latest electric bicycle, the DYU C1, is officially available. Combining modern design and innovative technology, the e-bike aims to provide consumers around the world with more efficient and environmentally friendly mobility solutions.

At the new product launch, jesse, DYU’s Marketing Director, shared his thoughts on the new product: “The introduction of the DYU C1 is a major innovation for our company in the e-bike space. We are always committed to providing consumers with an environmentally friendly and stylish way to travel. C1 demonstrates not only our commitment to technological innovation, but also our deep understanding of how cities will move in the future.”

Key features of the DYU C1 electric bike include:

Innovative power system: Equipped with efficient motors to provide strong and smooth power output to adapt to different road conditions in urban and suburban areas.

Durable battery life: Equipped with a large capacity battery, a single charge can support long-distance cycling, to meet the needs of daily commuting and leisure cycling.

Lightweight and portable design: lightweight body, easy to carry and store, especially suitable for urban environment.

Intelligent connectivity: Navigation, data tracking and other functions are realized through smart phone applications to provide more convenience for riders.

Safe driving guarantee: high standard braking system and night lighting to ensure safe riding.

The DYU C1 is primarily aimed at urban commuters and recreational cyclists seeking an efficient and environmentally friendly lifestyle, especially young professionals and students.

The DYU C1 e-bike is competitively priced and aims to provide affordable, high-quality mobility to a wider consumer base. Detailed purchase information and prices are available on DYU’s official website and authorized dealers.

DYU, headquartered in the Netherlands, is an innovative company focused on the development and manufacture of electric bicycles. The company is committed to improving the urban transportation environment through technological innovation and promoting sustainable development.

Jesse, Director of Marketing at DYU, concluded his talk by stressing: “We believe that the DYU C1 will be the key to changing the way we travel in cities. It is not only the result of our technological innovation, but also reflects our commitment to environmental protection and sustainable development. We look forward to seeing how the DYU C1 performs in the global market and remain committed to bringing more premium e-bike products to consumers.”

Media Contact
Company Name: DYU
Contact Person: Lisa
Email: Send Email
Country: Netherlands
Website: https://dyucycle.com/

Rapid Response Auto Repair Announces Instant Online Quote For Expert Windshield Repair And Replacement Services in Frisco TX Exclusive 10 Percent Discount On All Automotive Solutions

Rapid Response Auto Repair Announces Instant Online Quote For Expert Windshield Repair And Replacement Services in Frisco TX Exclusive 10 Percent Discount On All Automotive Solutions
Rapid Response Auto Repair offers instant quotes and an attractive discount to customers looking for an automotive solution

Rapid Response Auto Repair, a leading automotive service provider in the Dallas, TX area, has reiterated its commitment to addressing the immediate needs of vehicle owners. They offer an extensive array of Windshield Replacement, Windshield Repair, Auto Vehicle Wraps, Auto Tinting, ADAS 360 Calibration, and Paintless Dent Repair.

“We are happy to announce our instant online quote facility for our valued customers,” says the spokesperson for Rapid Response Auto Repair. “You can book any automotive service online and enjoy an exclusive 10 percent discount also. We are committed to offering a holistic solution to enhance vehicle aesthetics, ensure safety, and restore automotive functionality.”

Rapid Response Dallas stands out as a one-stop destination for vehicle owners seeking efficient and high-quality automotive solutions. The company’s expertise covers various crucial services.

Rapid Response excels in windshield replacement and repair. Utilizing cutting-edge technology, they provide top-notch windshield replacement and repair services, ensuring optimal safety for drivers.

The experts at Rapid Response help elevate the visual appeal of vehicles with professional vehicle wraps and tinting services. They are executed with great precision and complete attention to detail.

Staying on the cutting edge of automotive safety technology, Rapid Response Dallas’s advanced ADAS 360 calibration services ensure that the vehicle’s safety features operate at peak performance.

Paintless dent repair is another area in which the company does a marvelous job. They know how to effortlessly restore the vehicle’s aesthetic appeal with paintless dent repair service. They specialize in removing dents and dings without compromising the vehicle’s original finish.

Rapid Response Dallas prioritizes efficiency and quality in every service offered. The company’s mission is to promptly resolve automotive issues, providing customers in the Texas region with a seamless and elevated driving experience.

“Our goal is to be the go-to solution for all automotive needs in the Dallas area. From windshield services to advanced calibration and aesthetic enhancements, Rapid Response Dallas is dedicated to delivering unparalleled service with a focus on efficiency and quality,” the spokesperson added.

For more information, visit https://rapidresponsedallas.com/about

About Rapid Response Dallas:

Rapid Response Dallas is a leading automotive service provider based in Dallas, TX, offering a wide range of services, including Windshield Replacement, Windshield Repair, Auto Vehicle Wraps, Auto Tinting, ADAS 360 Calibration, and Paintless Dent Repair. With a commitment to efficiency and quality, Rapid Response Dallas aims to address the diverse needs of vehicle owners in the Texas region, providing a one-stop solution for automotive excellence.

Media Contact
Company Name: Rapid Response Auto Repair
Contact Person: Jamal Elsafi
Email: Send Email
Phone: (469) 855-5385
Address:8300 FM423 SUITE 300
City: FRISCO
State: TX
Country: United States
Website: https://rapidresponsedallas.com/about

Prive Market: A New Era in Luxury Goods, Soon Big Launch

Prague, Czech Republic – 1st January will mark the grand launch of Prive Market, an innovative online platform offering a world of luxury at your fingertips. This pioneering website is set to revolutionise the luxury goods market by featuring exclusive offers on high-end real estate, supercars, private jets, and yachts.

What sets Prive Market apart is its modern approach to transactions: for the first time in this sector, customers can purchase or rent these opulent items using cryptocurrency. This groundbreaking move not only modernises the purchasing process but also broadens access to luxury markets for crypto investors.

Luxury and Trust Hand in Hand

Prive Market ensures that every offer listed on the platform comes from reputable and verified companies. This commitment to reliability and quality guarantees a safe and trustworthy experience for all clients, ensuring peace of mind when investing in high-value luxury goods.

An Unparalleled Selection of Luxury Goods

The platform boasts a curated collection of the world’s finest assets:

Real Estate: From penthouses in cosmopolitan capitals to secluded beachfront villas, Prive Market offers properties that epitomise luxury living.

Supercars: Car enthusiasts can find a selection of the most sought-after supercars, each a masterpiece of engineering and design.

Private Jets: For the discerning traveler, the platform provides access to state-of-the-art private jets, ensuring travel in comfort and style.

Yachts: A range of magnificent yachts are available for purchase or rent, offering unparalleled elegance and performance on the water.

Embracing the Future with Cryptocurrency

Prive Market’s acceptance of cryptocurrency as a payment method is a testament to its forwardthinking ethos. This decision not only aligns with the evolving financial landscape but also caters to a new generation of luxury consumers who prefer digital currencies.

About Prive Market

Prive Market is dedicated to redefining luxury e-commerce. With a focus on exclusivity, trust, and innovation, the platform is poised to become the go-to destination for luxury enthusiasts worldwide.

Media Contact
Company Name: Prive Market
Contact Person: Adam Robertson – PR Manager
Email: Send Email
Country: Czech Republic
Website: https://www.prive-market.com/

Your Marketing People Certified By the Women’s Business Enterprise National Council

Your Marketing People (YMP), a business specializing in digital marketing, is proud to announce national certification as a Women’s Business Enterprise by the Women’s Business Enterprise Council – West Certification Committee, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC). WBENC Certification is the gold standard for women-owned business certification in the United States.

Your Marketing People is a full-funnel digital marketing agency based in Orange County, specializing in inbound marketing, Meta Business Suite, SEO, Paid Search/Pay-Per-Click (PPC)+, creative content, and video marketing. Located in Irvine, CA, we extend our services to various businesses across North America.

“As female CEOs, my co-founding partner, Alisha Cocha, and I believe that achieving certification from the Women’s Business Enterprise National Council is not just a recognition of our company’s commitment to excellence; it is a testament to the power of diversity, innovation, and the relentless pursuit of success,” says Ishani DePillo, co-founder of Your Marketing People. “We stand proudly as a WBENC-certified business, breaking barriers and shaping a future where every woman’s potential is not only acknowledged but celebrated in the world of entrepreneurship.”

The WBENC standard of certification implemented by the Women’s Business Enterprise Council+ is a meticulous process, including an in-depth review of the business and a site inspection. The certification process is designed to confirm the business is at least 51% owned, operated, and controlled by a woman or women, and that the business has appropriate structure and strategic business planning and implementation in place.

By including women-owned businesses among their suppliers, corporations and government agencies demonstrate their commitment to fostering diversity and the continued development of their supplier diversity programs, which in turn empowers women as leaders and brings about a more diverse, balanced and sustainable economy.

WBENC Certification combined with professional development and engagement in the WBENC network provides unsurpassed opportunities year-round, both virtually and in-person, for women-owned businesses to grow and expand their business and innovation through events, programming and connections with major corporations and other WBEs.

To learn more about Your Marketing People, please visit https://yourmarketingpeople.com/.

About Your Marketing People:

Company: Your Marketing People
Name: Ishani DePillo and Alisha Cocha
Address: 200 Spectrum Center Dr, Suite 300-B, Irvine, CA 92618
T: 949.484.9104
E: team@yourmarketingpeople.com
Website: https://yourmarketingpeople.com/

About WBENC:

Founded in 1997, WBENC is the nation’s leader in women’s business development and the leading third-party certifier of businesses owned and operated by women, with more than 18,000 certified Women’s Business Enterprises, 14 national Regional Partner Organizations, and more than 500 Corporate Members, most of which are Fortune 500. Thousands of corporations representing America’s most prestigious brands, as well as many states, cities, and other entities, look for and accept WBENC Certification. Through the Women Owned initiative, WBENC also is a leader in supporting consumer-oriented female entrepreneurs and those who do business with them by raising awareness for why, where and how to buy Women Owned.

For more information, visit www.wbenc.org and www.buywomenowned.com

Media Contact
Company Name: Your Marketing People
Contact Person: Ishani Depillo and Alisha Cocha
Email: Send Email
Phone: (949) 484-9104
Address:200 Spectrum Center Dr, Suite 300-b
City: Irvine
State: CA 92618
Country: United States
Website: https://yourmarketingpeople.com/

Lotus Cleaning Services Excels In Providing Environmental And Health-Friendly Green Cleaning Solutions

Lotus Cleaning Services Excels In Providing Environmental And Health-Friendly Green Cleaning Solutions
Lotus Cleaning Services, a family-owned business serving the cleaning needs of homes and offices since 2006, is delivering “Certified Green” house and office cleaning services. They prioritize the use of environmentally friendly and low-toxicity cleaning products.

Lotus Cleaning Services, a family-owned business serving the cleaning needs of homes and offices since 2006, is delivering “Certified Green” house and office cleaning services. They prioritize the use of environmentally friendly and low-toxicity cleaning products.

“We take pride in being a family-owned company with green certification, dedicated to providing superior cleaning solutions for your home or office, says the spokesperson for Lotus Cleaning Services. “Beyond impeccable cleanliness, we care about your health and well-being. Trust us to create a clean, fresh, secure space where every corner reflects our commitment to excellence.”

Lotus Cleaning Services employs highly trained maids and cleaners who undergo comprehensive training to guarantee service of exceptional quality, efficiency, and safety.

The team comes to homes and offices equipped with all essential supplies, including high-quality CRI Green Label Certified vacuums, which significantly enhance indoor air quality. The company prioritizes the peace of mind and comfort of its customers above all else.

Individuals and businesses in search of premium cleaning services opt for Lotus Cleaning. This family-owned enterprise, holding green certification, is the preferred choice for those who prioritize environmentally friendly options. The dedication to delivering top-notch cleaning solutions attracts individuals and businesses seeking trustworthy and efficient cleaning services.

Lotus Cleaning Services is a business that emphasizes impeccable cleanliness and strongly focuses on health, well-being, and environmental responsibility.

In an industry where trust and reliability are paramount, combining family-owned values, green certification, and a commitment to excellence adds significant value to its brand. Potential clients seeking comprehensive and conscientious cleaning solutions choose Lotus Cleaning Services.

The Bay Area homes and businesses have entrusted Lotus Cleaning Services for over a decade to maintain cleanliness and health in their homes and offices.

Individuals and businesses searching for specialized office cleaning services to ensure a pristine and organized work environment choose Lotus Cleaning to achieve these results. These services go beyond conventional cleaning, offering comprehensive solutions to maintain the hygiene and presentation of workspaces.

There are many areas in which they excel over their competitors.

Lotus Cleaning Services assures a 100 percent satisfaction guarantee on every cleaning project. They conduct periodic inspections through trained field operations managers. The company is also known for its competitive pricing. The flexible arrival time is another feature that customers love. They coordinate a schedule that meets the needs of customers.

The company is very specific about using only non-toxic and green-certified cleaning products. The products they use are certified by Alameda County since 2009.

For more information about their cleaning plans and pricing, visit https://www.lotuscleaningservices.com/

About Lotus Cleaning Services

Lotus Cleaning Services is a family-owned business that has been offering impeccable and dependable cleaning solutions to homes and offices since 2006. They prioritize the use of environmentally friendly solutions and low-toxicity cleaning products. Lotus Cleaning provides Certified Greenhouse and office cleaning services to San Francisco, Oakland, Berkeley, Alameda, Piedmont, Emeryville, Albany, El Cerrito, and Richmond.

Media Contact
Company Name: Lotus Cleaning Services
Email: Send Email
Phone: 510-452-0755
City: Dover
State: CA
Country: United States
Website: https://www.lotuscleaningservices.com/

Sciara Pastore & Megale LLC Can the Sharika Tax Dilemma Occur in the United States

Dual USA Status, Non Residents tax filings,green card tax status, forign taxpayers usa tax obligations,

Shakira, The pop-star entertainer finally settled her tax argument with Spanish authorities for a $5 million tax payment. The case fundamentally revolves around which country she resided in, so called “dual residency”. Although this case arose outside of U.S. tax jurisdiction, it does have significant tax implications to non-US citizens residing in the United States with either permanent US immigration status (“green card”) or citizenship abroad. As you will read, although there are U.S. income tax consequences in practice, the penalties for noncompliance of disclosing foreign assets can be quite substantial.

If you have a green card, you fall into the pool of potential dual tax residents. Also if you are present in the United States during the year for 31 days and meet the 183-day qualifying three-year test you may have to deal with dual residency. The reason non-US citizens may face this USA tax issue is because every country has its own definition of who is considered a resident.

Some countries determine residency under a 183-day test which differs how the USA computes its 183-day test. Some countries apply a domicile test which means if you have a home in the USA, but you never abandoned your home abroad or continued strong ties to a foreign country, you would also fall into the dual status trap.

The upshot of the dual residency scenario is double taxation, however, most countries institute in their tax laws provisions, allowing a taxpayer who falls into this scenario, the ability to claim a credit against another country’s tax liability.

If one faces this dilemma, a US resident qualifying under the 183-day can negate US residency if they can demonstrate a closer connection to another country. One can meet this criteria if they own or rent a tax home in the foreign country and maintain in this country family and business ties throughout the year. U.S. taxpayers with a green card, would not be able to avail themselves of a closer connection exception.

The alternative for a green card is the use of income tax treaties between the US and other foreign countries. Tax treaties contain specific provisions that determine which country has residential tax preference over that individual. Specifically, the so-called tie breaking rules require the taxpayer to have a permanent home and strong linkage to vital personal and business interests in the resident country. In essence this remedy focuses on where the individual spends most of his time, both qualitative time and quantitative time within their country of residence.

Notwithstanding availing oneself by failing to address the two remedies previously discussed, aside from a US income tax assessment, one must address the myriad of penalties associated with failure to disclose foreign assets and transactions. For example, in cases where one has failed to disclose foreign bank and brokerage accounts, we have seen in practice very large civil penalties in the seven-figure amount.

Media Contact
Company Name: Sciara, Pastore & Megale LLC
Contact Person: Ralph Pastore
Email: Send Email
Phone: 5162877064
Country: United States
Website: https://www.spmtax.com/