jersey guernsey and isle of man sign
Jersey, Guernsey and the Isle of Man have today all signed intergovernmental agreements (IGAs) with the US to implement the latter’s controversial Foreign Account Tax Compliance Act.
Jersey, Guernsey and the Isle of Man have today all signed intergovernmental agreements (IGAs) with the US to implement the latter’s controversial Foreign Account Tax Compliance Act.
The Cayman Islands and Costa Rica are the latest jurisdictions to have signed up to the US Governments automatic exchange of tax information initiative, the Foreign Account Tax Compliance Act.
The Channel Islands of Jersey and Guernsey have signed 'intergovernmental agreements' on the automatic exchange of tax information with the UK, adding to existing provisions that currently provide for information to be exchanged between the authorities of the two Crown Dependencies and the United Kingdom.
As US financial institutions become increasingly aware of FATCA and its implications, a growing number of them are urging Congress to think again, says David Kuenzi, of US-based Thun Financial Advisors
The Isle of Man has become the first British Crown Dependency to sign an agreement with the UK extending the automatic disclosure of tax information.
The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.
Following months of speculation, the Swiss authorities have confirmed that Switzerland will comply with the US Foreign Account Tax Compliance Act(FATCA)in line with the new deadline of 1 July 2014.
A professional forum has been created for accountants, lawyers, wealth manager and others to have a social platform to deal with the unique issues faced by Americans who live in the UK.
Switzerland moved a step closer on Monday to providing bank data to the American tax authorities, after the Swiss House of Representatives voted in favour of allowing Swiss banks to comply with the US Foreign Account Tax Compliance Act.
The sizeable advice gap left by large institutions ditching their US clients is an even bigger opportunity, says Guardian WM’s David Howell.
The Internal Revenue Service has activated its new web-based registration system for financial institutions that need to register with the US Government’s tax collecting body, under the Foreign Account Tax Compliance Act.
For the last five years, Maseco Wealth has been helping the growing number of American expats who have been caught up in a US crackdown on overseas accounts…