Tax & Regulation

Tax & Regulation | 9 Dec 11

Guernsey pension and financial services industry executives issued statements today expressing confidence that a pending shake-up of the way Qualifying Recognised Overseas Pension Schemes are regulated by the UK will not harm the island’s QROPS industry.

North America | 8 Dec 11

Tax experts with American expatriate clients reacted with considerable interest yesterday to a new IRS clarification that appears to suggest more flexibility, with respect to penalties for failing to file tax returns and Foreign Bank Account Reports (FBARs), than previously had been assumed possible.

Tax & Regulation | 7 Dec 11

Americas Securities and Exchange Commission and the Monetary Authority of Singapore have taken punitive action against several China-based insider traders.

North America | 4 Dec 11

Americans living in Canada who owe back taxes to the US may be about to get a break from the Internal Revenue Service, the Toronto Globe and Mail is reporting, citing as its source the US ambassador to Canada.

Tax & Regulation | 29 Nov 11

Tax agreements signed by the UK and German governments with Switzerland could be in breach of European Union law.