FATCA
Tax & Regulation | 11 Apr 16
Nutmeg embraces US expats after Fatca reporting overhaul
Investment platform Nutmeg has confirmed it will make its services available to US citizens living in the UK, despite the growing number of wealth managers exiting the market due to the increased regulatory requirements relating to the Foreign Account Tax Compliance Act (Fatca).
North America | 7 Mar 16
US-Swiss FATCA exception clause very narrow
Despite the recent FATCA carve-out agreed between the US and Switzerland, US citizens looking to circumvent their tax reporting obligations will have to look further afield if they want to avoid declaring their offshore assets.
US tax authorities demand Singapore bank records
The US Internal Revenue Service (IRS) wants Singapore to waive its bank secrecy laws and push UBS into releasing financial information of a US citizen.
North America | 3 Mar 16
FATCA exceptions agreed by Swiss and US authorities
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act (FATCA) following the signing of an agreement by the countries’ authorities in February.
North America | 9 Feb 16
US expats should keep citizenship despite FATCA, says deVere
American expats should not renounce their citizenship because of FATCA without considering all of their options, according to Nigel Green, chief executive and founder of deVere Group.