new japan swiss fatca deal seen as template
A new agreement hammered out between the US Treasury Department and authorities in Japan and Switzerland is seen as providing other countries with a model for complying with FATCA.
Tax & Regulation
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jimmy carrs mistake should be a wake up
The lessons learned by the comedian this week should act as a guide for the wider tax planning industry.
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progress in tackling tax evasion being made
Steady progress is being made towards tackling tax evasion more effectively, delegates attending the G20 summit in Los Cabos, Mexico have been told, in a series of reports released to coincide with the event.
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the times tax avoidance investigation targets
UK-based newspaper The Times has this morning published the first part of an investigation it has conducted into tax avoidance by thousands of wealthy people in the UK.
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confusion reported as trust filing deadline
Tax experts with French tax-resident settlor clients told International Adviser today that confusion surrounding the reporting of trust information to the French tax authorities remains, even as the reporting deadline arrived as of midnight.
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mifid advice definition requirement
A requirement within MiFID II to isolate purely execution-only transactions from those on which advice has been given, has been raised as a point of concern by a former member of the European Commission Securities Markets Experts Group.
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draft gaar legislation published as uk
The UK government is ploughing ahead with plans to introduce a General Anti-Avoidance Rule, and has today published draft legislation and begun a formal consultation process with HM Revenue & Customs and members of the tax industry.
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liechtenstein agreement attracts 2400
More than 2,400 people have come forward to disclose undeclared foreign assets through the Liechtenstein Disclosure Facility, according to HM Revenue & Customs, which says it may now bring in as much as three times the £1bn in revenue it was projected to.
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irs issues new drafts of w 8ben forms to
The American tax collection agency, the IRS, has updated and issued new drafts of the W-8BEN and W-8BEN-E forms as it gears up for the implementation of FATCA next year.
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many non us businesses still far from fatca ready
There are major gaps in the readiness of the worlds compliance industry to comply, on 1 Jan 2013, with the pending implementation of the US Foreign Account Tax Compliance Act, a new survey conducted by Thomson Reuters reveals.
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fsa rubber stamps advice offshore products
The Financial Services Authoritys new publication of its final guidance on independent and restricted advice underlines the important point that IFAs must cover all suitable products in the advice process, including offshore bonds.
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french trust filing date may be postponed
The 15 June deadline for filing information concerning trusts with French tax-resident settlors, as required by a new law that took effect last year, is expected to be postponed until 31 August, a top French tax lawyer based in Monaco says.