relief as us delays fatca deadline
The US has given non-US financial institutions around the world another six months to prepare to comply with FATCA, pushing the deadline back to 1 July, 2014.
Tax & Regulation
-
-
gibraltar fsc publishes self assessment
Gibraltar’s Financial Services Commission has published a self-assessment paper about its performance as a regulator on its website, and is inviting comment from interested industry stakeholders.
-
gibraltar wins ecofin approval for income tax
Gibraltar’s Income Tax Act has received endorsement from the European Council of Economic and Finance Ministers and is now compliant with the EU Code of Conduct for Business Taxation.
-
us congressman unveils bill
A US congressman has highlighted a potential problem in the complex arrangements under which financial institutions in foreign countries are being persuaded to provide financial information to the American tax authorities, to comply with FATCA.
-
with great regulatory change comes great
In markets hit by a wave of complex and contradictory regulation and change, only investment firms that capitalise on emerging opportunities will survive according to a new KPMG report.
-
half of all asset managers confused by fatca
The majority of asset managers polled in a recent survey have admitted they are still unclear about the requirements of the Foreign Accounts Tax Compliance Act (FATCA) despite the cut off period for compliance now less than six months away.
-
iasb unveils revised proposals
The International Accounting Standards Board has released its latest draft of plans aimed at making it easier to read and compare the financial statements of insurers.
-
efamas de proft details industrys
The head of the main association representing Europe’s asset management industry has called on key members of the European Parliament to get a move on in its efforts to draft a package of investor protection regulations known as PRIPs.
-
number of ex pat americans renouncing
The number of ex-pat Americans who are formally renouncing their citizenship, though small relative to the total number who live abroad, has risen steeply in response to the increasing costs and hassles associated with being a US citizen abroad.
-
us institutions to expats take your retirement
First American expatriates were told that their bank accounts weren’t welcome. Now, it seems, Americans’ tax-deferred retirement accounts are also increasingly unwanted by US financial institutions, unless these accounts are of significant size.
-
jersey court dismisses first ever appeal under
The Royal Court of Jersey has dismissed the first ever appeal brought as a consequence of a request for information under a Tax Information Exchange Agreement.
-
oecd sets out four steps to tackling global
The OECD has presented a report to the leaders of the G8 countries which sets out a four-pronged strategy for tackling global tax evasion.