bulletEDITOR'S PICKS

 

Gray to retake management of offshore MitonOptimal Special Situations

From Products Nov 28 2014 @ 10:52

Gray: Re-taking the reigns

Martin Gray is to retake the reigns on the offshore MitonOptimal Special Situations Fund on 1...
view article

New UK investor visa measures could damage investment

From United Kingdom Nov 27 2014 @ 09:19

Earlier this month the Home Office doubled the minimum threshold for a UK investor visa to £2m...
view article


bulletRELATED ARTICLES

 

bulletNEWS

 

LATEST NEWS

FCA to half adviser guidance guarantee levy

FCA to half adviser guidance guarantee levyThe Financial Conduct Authority (FCA) has proposed giving advisers a 50...
view article

Tilney Bestinvest joins FEIFA’s partnership...

From Europe Nov 28 2014 @ 11:43

Gray to retake management of offshore...

From Products Nov 28 2014 @ 10:52

MORE FROM Retirement

LATEST NEWS

VAM Group appoints marketing director

VAM Group appoints marketing directorVAM Group has appointed Stephen Kevan as group marketing director.
view article

London & Capital tells US expats to prepare...

From Tax & Regulation Nov 27 2014 @ 12:08

OMGI rolls out European small co fund

From Products Nov 27 2014 @ 11:31

MORE FROM People

LATEST NEWS

Three natural resources funds to watch out for

Three natural resources funds to watch out forFatima Khizou, investment research analyst at Morningstar, identifies three...
view article

Jupiter appoints head of global equities

From People Nov 27 2014 @ 11:17

The picture of health - A profile of Anne...

From Profiles Nov 27 2014 @ 10:31

MORE FROM Products



Mark Battersby

Malta signs up to FATCA

From Tax & Regulation Dec 17 2013 BY: Mark Battersby , Editor , International Adviser

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin


Malta has become the latest country to sign a FATCA intergovernmental agreement with the US.

The island jurisdiction, noted for its high number of double taxation agreements, negotiated individually with the US in order to conclude a FATCA agreement after the European Commission’s attempts to adopt a common approach for all states did not work.

Malta’s minister for finance Edward Scicluna and US ambassador Gina Abercrombie–Winstanley signed the Foreign Account Tax Compliance Act yesterday.

Abercrombie–Winstanley said the signing marked a “significant step forward in our countries’ efforts to work collaboratively to combat offshore tax evasion”.

Scicluna said: “The OECD Global Forum ‘Report on Transparency and Exchange of Information for Tax Purposes’ has shown that Malta effectively is largely compliant, similar to the US, UK and Germany.”

He also highlighted that the soon-to-be launched Investment Registration Scheme is meant to give the opportunity to Maltese citizens to voluntarily comply and disclose their previously undeclared investments before the tax authorities act on the information received from abroad.

Earlier this week, Jersey, Guernsey and the Isle of Man all signed intergovernmental agreements with the US to implement the Foreign Account Tax Compliance Act.

Meanwhile, Malta's Green Party revealed this week that the European Parliament will next month consider the issue of EU countries offering residency and citizenship to non-EU nationals in exchange for money.




 

Add to My News Comments (0)

Add to My News Print

Add to My News

add to twitter

add to linkedin




TAGS: fatca, malta

COMMENTS


Have your say

(Be the first to) Have your say!

Please sign in or register here to leave a comment. Registration is free and only takes a few moments.






Share us on Twitter

SHARE US ON TWITTER
Join the community

Join us on Linked In

SHARE ON LINKED IN
Inform your colleagues

Switch to our mobile site

SWITCH TO MOBILE SITE
News on the go

Back tot he top of the page

BACK TO TOP OF PAGE
Just click here...