FATCA
bonus rules uncerctainty reported
A requirement that managers of UCITS funds take at least 50% of their bonuses in the funds they oversee has created uncertainty in Europe’s asset management industry, though some say the matter has been overblown.
North America | 21 Feb 14
us treasury irs issue final fatca regs
The US Treasury Department and Internal Revenue Service on Thursday issued the long-awaited final tranche of regulations spelling out how foreign financial institutions are to comply with the Foreign Account Tax Compliance Act, which takes effect on 1 July.
North America | 13 Feb 14
record number of yanks said im out
More than three times as many Americans gave up their US citizenship last year as in 2012, the latest US Treasury Department data shows, setting a new record, and prompting questions about what is driving the trend.
North America | 6 Feb 14
wary canada signs fatca agreement
Canada has become the latest country to agree to implement the US Foreign Account Tax Compliance Act‚ in spite of what some of its politicians have said has been its southern neighbour’s occasionally heavy-handed efforts in recent years to extract unpaid taxes and penalties from Canadians.
North America | 4 Feb 14
republican party unveils abolish fatca
Following up on the Republican National Committee's approval last month of a resolution calling for the repeal of FATCA‚ an independent overseas Republican organisation has posted an online petition‚ to give opponents of the act a chance to tell Congress how they feel about it.