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.
A debate is under way in the QROPS industry about whether pension fund trustees are right to permit QROP scheme members to begin taking pension benefits before the age of 55‚ if the scheme members have lived outside the UK for more than five complete tax years.
State Street UK has been fined £22.9m by the FCA having been found to have deliberately charged clients substantial mark-ups on transactions on top off agreed fees and commission.
Guernsey has signed two further Double Taxation Agreements‚ with the Seychelles and Mauritius‚ bringing the total number of DTAs it has to 10.
A “serial avoidance promoter” has lost its third attempt to appeal a decision by HM Revenue & Customs that an offshore scheme it was running avoided tax illegitimately.
The Government of Gibraltar is consulting its pensions and trusts industries on new regulations that would be aimed at the jurisdiction’s pension fund and QROP scheme administrators.
A top official of the US Internal Revenue Service has told a New York audience of lawyers and tax experts that the Foreign Account Tax Compliance Act will not be postponed again‚ a US law journal has reported.
The Republican Party has formally approved a resolution that calls for the repeal of the Foreign Account Tax Compliance Act.
The number of judicial review applications made against HM Revenue & Customs has jumped by nearly a third, according to figures obtained by law firm Pinsent Masons.
The Republican Party is expected to approve a resolution this week that will call for the repeal of the Foreign Account Tax Compliance Act‚ according to a report published by the Reuters news agency.
In what is being seen as a major blow to US opponents of FATCA‚ a federal court judge has ruled that US banks must provide information to foreign governments on the accounts they hold of these countries' citizens‚ in the same way the US expects foreign institutions to furnish details of the overseas accounts of…
A report published by Taiwan’s Central News Agency on Sunday has suggested that the Foreign Account Tax Compliance Act may be about to be delayed again‚ for another six months.
