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.
06/29/2014
As shown by recent headlines, the pressure is mounting on individuals who have yet to come into compliance with their reporting obligations concerning undisclosed offshore accounts.
06/26/2014
The Offshore Voluntary Disclosure Program was launched by the IRS in 2012
06/26/2014
The bill now passes from the upper house of parliament to President Vladimir Putin
06/25/2014
This boom in charitable gift planning began shortly after the passage of the Tax Reform Act of 1986—legislation that ushered in historically high capital gains rates, along with ordinary tax rates of 33 percent or more.
06/25/2014
The IRS and Justice Department are cracking down on unreported foreign bank accounts
06/24/2014
Agents at the IRS have been quietly rubbing their hands together in anticipation of July 1.
06/23/2014
UK firms are targets for American giants hoping to escape punitive rates, writes Ben Marlow
06/20/2014
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.
06/19/2014
Americans living abroad and certain others who can now come within the IRS Streamlined Program.
06/18/2014
An expected resolution to the US tax evasion probe into Swiss banks will likely be a catalyst for consolidation in the country's private banking industry.
06/17/2014
The Romanian authorities accepted the inclusion on the list of countries with agreement of 2 April 2014, according to the American Treasury.
06/17/2014
Bermuda has again been singled out and labelled “a tax haven” by US legislators as they last week attached an amendment to US federal funding measures, seeking to block federal contracts to former American companies involved in corporate inver
06/16/2014
These subsidiaries are often shell companies with few employees and no real business activity