07/01/2015
KPMG And Dun & Bradstreet Alliance Addresses FATCA Due Diligence Challenges
Collaboration offers tool to simplify FATCA business entity compliance as 2016 deadline looms
Tax
07/01/2015
Private Equity Star Wins U.K. Tax Fight After Trip to Wonderland
A private equity executive won his five-year legal battle with U.K. authorities to stop his fees from managing venture capital funds being taxed twice.
06/30/2015
A.M. Best Comments on Proposed U.S. Tax Changes for Offshore (Re)Insurers
The Best’s Briefing, titled, “A.M. Best Comments on Proposed U.S. Tax Changes of Offshore (Re)Insurers, states that companies would likely seek operating alternatives to ensure capital efficiency if the tax benefits for offshore companies are
06/26/2015
US foreign bank and financial accounts filing deadline looming
The taxman in the United States is reminding people with one or more bank or financial accounts outside the country that they need to file their Foreign Bank and Financial Accounts by the end of June.
06/26/2015
Senate Introduces Bill to End Offshore Reinsurance Tax Break
Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”
06/26/2015
Legislation Proposed To End Tax Break For Hedge Funds
The legislation that was introduced is the Carried Interest Fairness Act of 2015.
06/25/2015
FATCA: Making First Submissions and Maintaining Compliance
While the Foreign Account Tax Compliance Act became law in 2010, it has been slowly transitioning to implementation
06/21/2015
UAE signs intergovernmental agreement with the U.S. on the Foreign Account Tax Compliance Act
FATCA was enacted by the U.S. Congress in 2010 to target non-compliance by U.S. taxpayers using foreign accounts.
06/19/2015
Proposed U.S. Model Treaty Provisions May Dramatically Alter International Tax Landscape
The U.S. Model Income Tax Treaty generally represents the United States’ opening position in treaty negotiations
06/12/2015
The IRS Turns Up The Heat On Hedge Fund-Backed Reinsurance
What is a hedge fund investor to do?
06/11/2015
IRS Deadlines Loom for Taxpayers With Offshore Accounts
IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings
06/03/2015
Hedge Fund Giant Tells Hillary Clinton to Cut the 'Crap'
Billionaire hedge fund founder Leon Cooperman takes issue with the former secretary of state's portrayal of his profession.
06/02/2015
U.S. Department of Justice States its Tax Enforcement Priorities
In her recent testimony before Congress Caroline Ciraolo Acting Assistant Attorney General stated the enforcement priorities for the Tax Division. Among the four areas of focus is Offshore Tax Evasion.
06/02/2015
El Salvador joins international efforts to fight offshore tax evasion
El Salvador became a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes in 2011.
06/02/2015
deVere: Presidential candidates owe it to America to explain their stance on controversial FATCA
Presidential candidates must come clean on America’s highly controversial global tax law - and more must urgently be done to repeal it, not least because it is “a blue print for worse to come”, warns the boss of one of the world’s
05/27/2015
More Swiss banks to settle with U.S. Department of Justice in near future - official
The settlement came under a voluntary Justice Department programme launched in 2013 that enables Swiss banks to avoid prosecution by disclosing cross-border activities that helped U.S. account holders conceal assets and income.
05/26/2015
A Global Economy Needs an Offshore Industry
Tax avoidance may once have been its main purpose.
05/26/2015
Switzerland Publishes Tax Evader List
Some observers are calling this the real and final end of Swiss bank privacy tradition, which mostly dates to the 1930s.
05/19/2015
Bill Gates: Taking on Ayn Rand – claims tax doesn’t kill innovation
The world’s richest man, Microsoft’s founder Bill Gates, last night stuck a stick into the eye of capitalist icon Ayn Rand.
05/15/2015
More FATCA Letters, As Swiss And Other Foreign Banks Crack Down
There will be more additions as more and more Swiss banks conclude their discussions as part of the U.S. settlement.