May 10, 2013 - Jamaica, US to sign agreement on FATCA
The Jamaican Government and the United States (US) are expected to sign an agreement by July aimed at endorsing a new hegemony tax act called the Foreign Account Tax Compliance Act (FATCA),
May 8, 2013 - Senator Paul offers bill to weaken U.S. anti-tax evasion law
U.S. Senator Rand Paul introduced a bill late on Tuesday that would repeal parts of a 2010 law designed to fight offshore tax evasion by Americans with assets hidden in foreign banks.
May 6, 2013 - Uncle Sam wants his share of tax
The IRS is expected to open its FFI registration portal by July 15, 2013. The last date for registration is October 25, 2013.
May 6, 2013 - You’ve heard of PEPs? Now meet their first cousins, FEPs: FAT
Michael McDonald, a retired US Internal Revenue Service Special Agent, to coin the new apt term, “FEP” for FATCA-Exposed Person.
May 6, 2013 - FATCA: The large, unfriendly elephant in the room
The Elephant called FATCA is now in the room.
May 6, 2013 - Rand Paul Blamed for Blocking FATCA
Senate rules allow any Senator to place a “hold” on legislation removing it from consideration, and Paul has placed holds on bills to implement every tax treaty negotiated since his election in 2010, according to GFI.
April 29, 2013 - US eyes FATCA pact for info on Americans' assets in India
US tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks and other financial sector entities in India, and a draft inter-government agreement in this regard is currently being vetted by the Sebi.
April 15, 2013 - China Rumoured To Be In FATCA Talks With US
Despite a declaration that China would have nothing to do with a controversial US law, FATCA, which will reveal the financial assets of American citizens abroad
April 12, 2013 - Tax Compliance 'Most Significant Matter' Facing Industry
FATCA is an effort by the US government to improve tax compliance by Americans who use foreign financial assets and offshore accounts in places like the Bahamas
April 4, 2013 - Taiwan, US To Negotiate FATCA Agreement
On April 2, 2013, the Taiwanese Financial Supervisory Commission (FSC) and Ministry of Finance (MOF) jointly announced that both agencies and the United States
April 3, 2013 - Cayman Moves Forward with FATCA Compliance
The Cayman Islands Government has announced it would adopt a Model 1 intergovernmental agreement (IGA) in response to US Foreign Account Tax Compliance Act (FATCA)
April 1, 2013 - FATCA Focus Shifting To Asia
The teams are working hard at making sure financial institutions around the Asia Pacific understand that their ability to conduct business in the US will be seriously curtailed if they do not sign up to FATCA, even if their governments do not.
April 1, 2013 - IRS Planning FATCA Corrections and Clarifications, Looking
The IRS will provide clarifications and technical corrections to the final regulations issued on the Foreign Account Tax Compliance Act (FATCA), enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act of 2010 (P.L. 111-147 ), an IRS official said on March 27.
March 27, 2013 -What You Need to Know About Foreign Account Tax Compliance
What You Need to Know About Foreign Account Tax Compliance Act's (FATCA) Impact on Non-U.S. Retirement Plans
March 27, 2013 - Germany and U.S. Reach Intergovernmental Agreement for FAT
That is a “Model 1” reciprocal agreement under which financial institutions in Germany will report information on their U.S. customers to the German tax authority which will provide information to the IRS, and the IRS will provide information to the German tax authority about payments of interest and dividends to German customers of U.S. financial institutions.