FATCA

North America | 28 Feb 12

Guernsey’s income tax authorities are looking at whether the island should join the UK, France, Germany, Italy and Spain by joining forces with the US to exchange information on individuals with accounts within its borders, a Guernsey newspaper reported yesterday.

North America | 21 Feb 12

The American Citizens Abroad, a Geneva-based group which represents the interests of expatriate US citizens, has called on the US government to join most of the rest of the world in taxing its citizens on the basis of where they live, rather than where they were born, or the nationality of their parents.

North America | 16 Feb 12

Despite revisions to the proposed FATCA rules, significant work lies ahead for firms who want to comply, write Nick Matthews and Matt Haddow of Kinetic Partners.

North America | 14 Feb 12

The European Fund and Asset Management Association today called on the US to further refine the rules it is proposing for the implementation of FATCA, although it acknowledged that the most recent set of draft regulations aimed at cracking down on offshore tax evasion addressed “many” of its original concerns.

North America | 10 Feb 12

Kristin Konschnik, a partner in the London office of Withers, the international law firm, looks at the IRSs latest proposal for implementing FATCA.