An orphan drug is a therapeutic developed to treat a rare disease or condition. While these programs often involve high development costs and limited patient populations, the U.S. government provides meaningful incentives to improve their economic viability.

For wealthy individuals purchasing high-value goods and services internationally, understanding the Value Added Tax (VAT) ramifications is essential. Nearly all countries outside the United States impose a VAT, also called Goods and Services Tax (GST) or Consumption Tax (CT). The VAT is a transactional tax and is levied on practically all goods and services. It applies throughout the supply chain on both business-to-business and business-to-consumer transactions, including the importation of goods and services.

Members of Andersen’s Private Client Services practice – Managing Directors Carl Fiore, Paige Goepfert, Daniel Gespass, and Director Ashley Francis – are featured speakers at the AICPA ENGAGE 2026 Advanced Estate Planning Conference on June 8-11, 2026, at the Aria Resort & Casino in Las Vegas and via webcast.

Managing Director Peter Elek, Andersen’s State and Local Tax practice leader, is a featured speaker at the Tax Executive Institute (TEI) 2026 TEI Region 8 Annual Conference from June 10-14, 2026, at the Westin Hilton Head Island Resort & Spa. Peter is a panelist for the session Buy-side, Sell-side – Federal/State Tax Considerations for the Sale or Acquisition of a Business on June 12 from 11:25 am to 12:15 pm.

Andersen Managing Director Joe Calianno’s article OB3 – A Shift in How the Pro Rata Share Rules of IRC 965(a) Operate is included in New York University’s (NYU) 84th Institute on Federal Taxation, 84 NYU IFT (May/June LexisNexis Mathew Bender). Joe is with Andersen’s US National Tax (USNT) Practice in the Washington, D.C. office and serves as USNT’s leader for international tax.

For the Record, Andersen’s official newsletter, covers a variety of tax and financial topics relevant to both individuals and corporations.

Andersen Global advances its growth across Africa with the addition of Andersen in Namibia, as Windhoek Advisory & Taxation adopts the Andersen brand, strengthening its ability to serve businesses operating in one of southern Africa’s dynamic emerging markets.

Fine art can represent a significant concentration of value in ultra‑high‑net‑worth estates. At death, these assets introduce valuation, liquidity, and administrative risks that do not arise with marketable securities. Estate and charitable planning strategies involving art must therefore account not only for tax efficiency but also for control, timing, and practical realities. To make matters more complicated, IRS has long taken the position that transfers of art present heightened abuse risks and often heavily scrutinizes such transactions.

Managing Directors Douglas Wood, Mark Tucker, and Senior Manager Jack Kleinrichert will present at the Tax Executives Institute (TEI) Carolinas Spring Tax Update Seminar. Their presentation, Your Tax Problem Isn’t Tax – Exploring the Intersection of Tax and Tech.