us unveils 2nd model fatca iga
The US Treasury has quietly unveiled what it is calling its "FATCA Model 2 template" agreement, as an alternative to a FATCA "intergovernmental model agreement" released earlier this year.
Tax & Regulation
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time has come for a general tax amnesty
It is time HM Revenue & Customs accept that a general amnesty for tax evaders should be put in place, according to Gary Heynes, private client group partner at chartered accountants, Baker Tilly.
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swiss seen unlikely to fully end negotiated tax
Recent press reports that the Swiss may be moving closer to ending their “negotiated single-sum tax agreement” system for wealthy individuals are being discounted by financial advisers there, and other experts.
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hmrc warns tax evaders time running out
HM Revenue & Customs is warning UK residents with Swiss bank accounts that the “days of hiding money to evade tax are over” as the imposition of new tax laws on 1 January draws ever closer.
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fund regs will impact negatively on advisers
One third of financial advisers believe the current overhaul of fund distribution regulation in a number of jurisdictions will impact on them negatively, according to the results of a poll conducted by International Adviser.
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twenty ways the irs will find your yankee clients
London-based David Treitel, managing director of American Tax Returns Ltd, has been advising American expatriates on their tax affairs for more than 25 years.
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hmrc claws back 21bn pounds from tax evaders
HMRC clawed back a record £21bn from its investigations into tax avoiders and evaders in the year to March, according to accountant UHY Hacker Young.
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hsbc jersey accused of holding money
HSBC bank is at the centre of allegations that it allowed drug dealers and other notorious UK criminals to set up offshore accounts via its Jersey-based business.
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defending its interests a profile of the isle
A diversified economy is protecting the Isle of Man as the global financial crisis continues. But as it looks east for much of its business, the island will need to emulate the service and expertise offered in the Asia Pacific region to maintain its momentum, writes Mark Battersby.
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us treasury in fatca talks with 50 jurisdictions
The US Treasury has revealed that more than 50 jurisdictions are in various negotiation stages on formal agreements on how to comply with FATCA.
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jersey fsc releases rdr consultation results
The Jersey Financial Services Commission has published the results of its consultation on a review of the island’s financial advisory industry, ahead of the 2014 start date for implementing the recommended changes.
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tax amnesty in spain closes this month
A tax amnesty in Spain offering people with undeclared taxable assets the opportunity to pay a flat 10% levy, without facing criminal or administrative penalties, is due to close at the end of this month.