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Water and Shark: Globally renowned for client-focused accountancy, legal, and advisory services.

Water and Shark is a renowned global accountancy and legal consulting firm offering a wide range of services, including tax and regulatory, legal, assurance, and advisory services. With a strong reputation for client-centric solutions, we serve a diverse clientele from small businesses to unicorns worldwide. Water and Shark has established itself as a trailblazer and a leading authority in several

key areas, including private client practice, family office management, international tax expertise, international corporate law, risk advisory services, and top-notch assurance services.

14/08/2026

India is moving closer to a defining global trade milestone.

With total exports reaching approximately US$870 billion in FY26, the US$1 trillion ambition is now within sight. Manufacturing strength, technology-led services, expanding FTAs and new trade corridors are building the momentum.

The next phase will be shaped by businesses that combine export ambition with readiness across customs, tax, rules of origin, product standards, logistics and cross-border structuring.

Swipe to explore the numbers, sectors and strategies driving India’s global export journey.

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

13/08/2026

Back taxes can be resolved with the right strategy, structure, and timely action.

For U.S. businesses facing outstanding federal or state tax liabilities, the first priority is understanding the complete position, from unpaid balances and penalties to missing returns and potential collection exposure.

From instalment agreements and penalty relief to an Offer in Compromise where eligible, the appropriate resolution path depends on the business’s financial position, compliance history, and ability to pay.

At Water & Shark, we believe tax resolution should go beyond addressing past liabilities. The objective is to restore financial control, strengthen compliance, and build a more resilient financial structure for the future.

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

13/08/2026

China’s offshore trust landscape is entering a significant new phase.

The 2026 reforms introduce a clearer framework for how offshore trusts interact with China’s Individual Income Tax system, addressing asset contributions, trust income, distributions, disclosure requirements, and tax responsibilities across the trust lifecycle.

For internationally connected Chinese families, entrepreneurs, and business owners, offshore trusts continue to offer valuable pathways for succession planning, asset protection, family governance, and international investment. The priority now is ensuring these structures remain commercially purposeful, transparent, and aligned with the evolving tax framework.

At Water & Shark, we help globally mobile families review and structure cross-border wealth arrangements with a focus on protection, preservation, compliance, and long-term continuity.

Read the full blog :- https://www.waterandshark.com/blog/china-offshore-trust-reforms-a-new-era-for-international-wealth-planning

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

12/08/2026

UAE Corporate Tax compliance is becoming increasingly defined by how the rules apply in practice.

The FTA’s Private Clarifications provide valuable insight into the application of Corporate Tax across Free Zones, tax groups, foreign businesses, family foundations, exemptions, and other complex arrangements.

For businesses operating in the UAE, these clarifications reinforce the importance of aligning structures, transactions, substance, and documentation with the evolving Corporate Tax framework.

At Water & Shark, we help businesses navigate UAE Corporate Tax with a strategic approach to structuring, compliance, and long-term planning.

Read the full blog: 🔗 Link in bio

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

12/08/2026

UAE Corporate Tax compliance is becoming increasingly defined by how the rules apply in practice.

The FTA’s Private Clarifications provide valuable insight into the application of Corporate Tax across Free Zones, tax groups, foreign businesses, family foundations, exemptions, and other complex arrangements.

For businesses operating in the UAE, these clarifications reinforce the importance of aligning structures, transactions, substance, and documentation with the evolving Corporate Tax framework.

At Water & Shark, we help businesses navigate UAE Corporate Tax with a strategic approach to structuring, compliance, and long-term planning.

Read the full blog: https://www.waterandshark.com/blog/one-person-two-tax-systems-federal-state-fincen-compliance-for-us-residents

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

Business

11/08/2026

PPLI sits at the intersection of wealth planning, investment strategy, and tax efficiency. But its value is not created by the insurance policy alone. It comes from how the structure is designed.

When integrated with trusts and supported by independent investment management and ongoing compliance, PPLI can help sophisticated families align tax efficiency, estate planning, asset protection, and multigenerational wealth transfer.

The strongest structures are built with precision. Every layer, from trust ownership to regulatory compliance, must work together to preserve the intended outcomes.

Read the full article : https://www.waterandshark.com/blog/inside-the-wrapper-ppli-structure-trust-integration-and-the-compliance-line-
𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

11/08/2026

This Independence Day🇮🇳, the spirit of service comes alive through the gift of life.🩸

Water & Shark is honoured to support the Mega Blood Donation Camp, organised by FOI Events LLC, Dubai, with the support of the India in Dubai - Consulate General of India, Dubai, to commemorate Indian Independence Day.

This meaningful initiative brings the community together through compassion, responsibility and the shared purpose of making a difference. Every donor who steps forward contributes hope, strength and the possibility of a healthier tomorrow.

📅 16 August 2026
⏰ 8:00 AM to 1:00 PM
📍 DHA Headquarters, Al Jaddaf, Dubai

Register to participate:
https://forms.gle/ZDqd6sKpFv8tr76z9

Join us in celebrating the spirit of India through an act that truly gives back.

Donate Blood. Inspire Hope. Give Life.

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

10/08/2026

The UAE has extended Small Business Relief for Corporate Tax purposes until 31 December 2029.

Under Ministerial Decision No. 131 of 2026, the AED 3 million Revenue threshold continues to apply to Tax Periods commencing on or after 1 June 2023 and ending on or before 31 December 2029.

For eligible small businesses and start-ups, the extension provides greater certainty, reduced Corporate Tax exposure and simplified compliance requirements. However, the relief is subject to specific eligibility conditions and must be elected correctly for the relevant Tax Period.

Swipe to understand what has changed and what remains in place.

𝙂𝙡𝙤𝙗𝙖𝙡 𝘼𝙙𝙫𝙞𝙨𝙤𝙧𝙨 𝙛𝙤𝙧 𝙂𝙡𝙤𝙗𝙖𝙡 𝘾𝙞𝙩𝙞𝙯𝙚𝙣𝙨™
𝙋𝙧𝙤𝙩𝙚𝙘𝙩, 𝙋𝙧𝙚𝙨𝙚𝙧𝙫𝙚, 𝙋𝙧𝙤𝙨𝙥𝙚𝙧™

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