07/25/2014
Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.
07/24/2014
Pretax earnings jump 39% to $81.5 million; profit margins hit 10%
07/24/2014
State Street currently provides custody, securities lending, fund accounting, risk analysis and performance measurement services
07/23/2014
In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.
07/21/2014
Renaissance Technologies is a hedge fund known to use quantitative methods to obtain an advantage in the market.
07/21/2014
U.S. companies are racing to complete tax-reducing offshore mergers before a credible threat to stop them emerges from Congress.
07/21/2014
Julius Baer expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank's role in helping wealthy Americans evade their taxes, its chief executive said on Monday.
07/21/2014
New single global standard for the automatic exchange of information between key authorities worldwide
07/17/2014
The SFOP is a game changer for non-resident and resident (who would use the Streamlined Domestic Offshore Procedures ( SDOP)) taxpayers alike
07/16/2014
The IRS has identified at least ten banks whose accountholders face this penalty
07/16/2014
In inversions, U.S.-based businesses purchase a foreign company, then switch the legal address to take advantage of the foreign jurisdiction’s favorable tax rules
07/14/2014
The IRS has been trying to streamline their examination of entities
07/13/2014
A U.S. Senate investigative panel will hold a hearing July 22 to probe tax maneuvers by Renaissance Technologies LLC, the hedge fund started by billionaire James Simons
07/08/2014
The US Government concluded this agreements with many partner countries to effectively implement their 2010 US Foreign Account Tax Compliance Act (FATCA) in their local jurisdictions.
07/07/2014
The FATCA law requires, among other provisions, US citizens living outside the US to report their foreign bank accounts to the Internal Revenue Service.
07/03/2014
Deal Allows U.S. to Enforce its Foreign Account Tax Compliance Act, or FACTA
07/01/2014
Swiss banks and asset managers are gearing up to implement the FATCA (Foreign Account Tax Compliance Act) rules
07/01/2014
FATCA will provide an effective framework for our institutions and regulators
06/30/2014
The US Treasury has spent much of the past several years pressing the issue on some of the world's most powerful and secret banking centers with threats of punitive action if they do not join in.
06/30/2014
The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.