FATCA

North America | 2 Jan 14

The Internal Revenue Service has published a key document aimed at helping foreign financial institutions to report to the US on the overseas accounts of US individuals, as is being required of them by the Foreign Account Tax Compliance Act, which comes fully into force on 1 July.

North America | 22 Dec 13

Ricardo V, a well-to-do Brazilian executive travels frequently between São Paulo and New York. He does not take one of the many non-stop flights, however. Rather he books a trip with a Miami stop-over. The Miami stop is not about company business, shopping or visiting relatives.

North America | 17 Dec 13

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

North America | 13 Dec 13

Jersey, Guernsey and the Isle of Man have today all signed intergovernmental agreements (IGAs) with the US to implement the latter’s controversial Foreign Account Tax Compliance Act.

North America | 2 Dec 13

The Cayman Islands and Costa Rica are the latest jurisdictions to have signed up to the US Governments automatic exchange of tax information initiative, the Foreign Account Tax Compliance Act.