Tax & Regulation
Tax & Regulation | 22 May 13
america wakes up to fatca
US institutions and individuals are becoming increasingly aware of the existence of the Foreign Account Tax Compliance Act, which received little media coverage in the States until a US senator earlier this month introduced a bill to repeal certain of the act's provisions, arguing that they infringed "upon basic constitutional rights".
Tax & Regulation | 19 May 13
new us offshore tax evasion legislation
The latest attempt by US lawmakers to crack down on Americans who have offshore income they do not report stands a good chance of being signed into law within months or even weeks people who are monitoring the situation in Washington say.
Tax & Regulation | 17 May 13
nigel green launches attack on toxic fatca
DeVere Group’s chief executive Nigel Green has heavily criticised the American government’s Foreign Account Tax Compliance Act in an interview with a US based news organisation.
Tax & Regulation | 15 May 13
confusion for advisers qrops admins over
A new French law that appears to require pension fund trustees to report to France’s tax authority on UK personal pensions that have French tax-resident beneficiaries is causing confusion among financial advisers and pension fund administrators.
Tax & Regulation | 15 May 13
jersey considers codifying key trust rule
Jersey is reported to be considering enshrining in law key provisions of Hastings-Bass, a popular UK rule that has been used for years to unwind mistakes by trustees that otherwise would end up costing their clients money.