New Appointment of AG President North America
Famous Multi Award Winning US Attorney Gary Wolfe Takes Over
March 4th, 2018
Chairman ADAM Global announces the new appointment of the AG North America President, Gary Wolfe, replacing Ed Rogers, who willingly surrendered his title.
Ed Rogers, suggested him to be replaced with Gary saying “I am impressed by Gary Wolfe’s contributions to the extent that I am thinking he should replace me as the North American region President, if willing because he is a US citizen and I am not.” Without further delay, the swift communication led to Gary accepting the new position.
With over 30 years of experience, Gary Wolfe specializes in IRS Tax Audits, International Tax Planning/Tax Compliance, and International Asset Protection. Since 2013, Gary Wolfe has written 20 eBooks regarding the IRS, International Tax Planning, and Asset Protection. Since 2004, he has presented over 160 articles published by 16 different International Publishers and International magazines. He is also the recipient of 52 International Tax & legal awards from 11 different London/UK based global expert societies including 15 awards received to date for 2018.
Gary Wolfe, while excitingly assuming his position, said,
” My grandfather Ben Levine, my mother’s father, was a prominent labor leader in NYC and raised me under one rule: Good people honor their commitments’. “The description of my role as President of North America Adam Global as a resource for tax solutions for ADAM members and their clients appeals to me.”
Gary’s Latest Contributions and Areas of Interest for Members:
Gary has already proactively started to contribute to the AG network by communicating on 'Doing Business in the New Era of Globalization' through his latest Forbes Articles. He will also be effectively communicating with Members to address a myriad of issues that face and may impact ADAM GLOBAL members and their clients. These include but are not limited to:
Global Investors and US Immigration/Tax Issues for international investors who are independent filmmakers, cinephiles, who are currently in entertainment and seek a foreign distribution sub-license for agreed territories.
IRS Tax Audit Wealth Squad
He also elaborates his interest on the failure to pay the taxes or report the offshore accounts or assets has severe civil tax monetary & criminal penalties. Since the 2016 implementation of FATCA (signed into law in 2010) by the IRS, the US government is now receiving digital tax records from over 100,000 foreign financial institutions in over 80 countries worldwide. The disclosure of over 30,000 US taxpayers involved in the recent Paradise Papers has heightened IRS activity for many foreign investors. The IRS has set up a special audit division for Global HNW Investors known as the IRS Tax Audit Wealth Squad. IRS tax audit risk increases by income so for the median taxpayer the audit risk is less than 1% but if you earn over $10m it may be as high as 35%.
With a globally connected network of member firms in more than 150 countries and territories, ADAM brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. ADAM is committed to becoming the standard of excellence and Professional like Gary Wolfe just help us to achieve this goal.