A strategic look at how tax change impacts the Hispanic community and the global investment
environment.
The City of the Sun; A symbol of expansion, innovation and entrepreneurial spirit, it begins to travel a
new chapter. The tax reforms proposed by the new administration, aimed at prioritizing the economic
dynamism of the United States, could profoundly reconfigure Miami’s financial landscape. And the big
question is: are we facing an extraordinary opportunity or a challenge that requires precise planning?
“Proposals like eliminating the tip tax could greatly benefit Miami’s dining and hospitality industry. In
addition, the president’s ideal of eliminating taxes on Social Security earnings would help middle- and
low-income families improve their economic capacity,” says Agustín Barenas, a public accountant,
expert in tax structuring for international investments.
“Trump’s vision of lowering tax rates has the potential to diversify and expand business opportunities,
both in Miami and internationally. South Florida leads nationally in entrepreneurship, especially
among the Hispanic community. The city is a hotbed of small and medium-sized businesses, which
could see a significant boost from Trump’s tax proposals” he added.
Recalling precedents, he adds: “During his first term, Trump reduced the corporate tax rate from 35%
to 21%, which skyrocketed business profitability. Now, their proposal to further decrease this rate to
15%, which promises to ease the tax burden for startups and small businesses in their early years,
helping them grow and consolidate in Miami’s competitive market.”
“The tax reduction for new ventures is a powerful incentive,” he added. He then highlighted: “Miami,
with its culture of innovation and strong foreign investment, could see a boom in the creation of
companies and the expansion of existing businesses.”
Miami, a city with global potential
The city has managed to establish itself as a key destination for foreign investment thanks to its
stable economy, solid regulatory framework, and a diverse identity. The new tax proposals, far from
reducing its appeal, could boost its attractiveness in the eyes of the world.
“The reduction in the corporate tax rate increases profitability and is a special incentive for
entrepreneurs. This, added to the legal certainty and the robust financial framework offered by the
country, regardless of the tax policies of the government in power, make investing a great
opportunity” explained Barenas.
“In Miami, sectors such as hotels, gastronomy, real estate, and construction would be the biggest
beneficiaries of these fiscal policies, as they are vital parts of the local economy. Similarly, the
technology, startups, international trade, logistics, and finance sectors could see rapid growth, further
strengthening Miami’s role as a global financial and tech hub” he stated.
The real challenge: using tax education as a tool
Beyond the reforms, one of the biggest obstacles remains the lack of tax education, especially among
Hispanic investors. Poor structuring can lead to wrong decisions, lower profits, and even double
taxation.
“For Hispanic families, proper tax planning is crucial,” Barenas emphasized. “It is recommended to
keep detailed records and take advantage of credits and benefits available under the law” he added.
He also warned about common mistakes in tax returns, such as incorrectly reporting tips or prizes
and failing to claim deductions like home office expenses for remote workers.
He believes the Hispanic community needs tools and support to navigate this new landscape with
confidence and a clear vision.
Three key steps to prepare for the new tax environment:
- Planning: Organize documents and clarify financial goals.
- Continuing Education: Learn about the benefits, deductions, and tax credits available.
- Professional advice: Collaborate with experts who understand the unique migration, cultural, and
economic factors at play.
At IVANKO, we believe that tax knowledge not only protects wealth but also helps it grow. We support
investors with a global view, offering strategic, ethical, and personalized guidance.
Investing is also about building the future.