Americans urged to lobby Congress on FATCA
American Citizens Abroad has urged Americans residing overseas to lobby Congress on FATCA.
Tax & Regulation
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US adds to expat reporting disclosure rules, amnesty scheme
The IRS has added to the information it requires from Americans with offshore bank accounts.
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The perils of looking after American clients increase
David Treitel of US Tax & Financial Services considers the challenges facing IFAs with US clients.
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FATCA preparations now ‘a matter of urgency’, says KPMG
Fund managers and promoters alike are unprepared for the impact of FATCA legislation, says KPMG.
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FATCA could cause investors to shun US market, KPMG expert warns
Some experts are warning that FATCA could cause investors to sell their US holdings before 2013.
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NZ regulator warns QROPS provider over sales practices
The New Zealand Financial Markets Authority has told QROPS and pension provider SuperLife Trustees of its concerns.
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London & Capital launches US tax-compliant portfolios
L&C has launched a range of tax compliant managed portfolios for US clients living outside the US.
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IRS chief says US considering tax amnesty to flush out offshore accounts
The US is considering a new tax amnesty programme to lure taxpayers with undeclared offshore assets.
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Adding US to EU blacklist risks tax chaos
The European Union is risking “geopolitical angst” and “global tax chaos” if it follows through on its threat to add the US to its list of non-cooperative jurisdictions for tax purposes.
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Obama signs bill with hidden provisions affecting
President Obama yesterday signed into law a bill which contains little-publicised elements that are expected to impact non-US financial institutions, funds and collective investment structures.