Switzerland initials fatca agreement with US
Switzerland and the US initialed an agreement giving exemptions to the implementation of the tax legislation FATCA yesterday in Washington, D.C.
FATCA
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crown dependencies meet uk treasury officials
The Governments of Jersey, Guernsey and the Isle of Man issued statements late this afternoon saying that they had met with UK Treasury officials about the possibility of extending the principles behind FATCA "to an exchange of information” with Britain.
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british government rumoured to be planning son
Britain’s overseas territories, including the Crown Dependencies, Gibraltar and the Cayman Islands, are expected to be seeking official confirmation with some urgency of a report that the UK government is planning a ‘son of FATCA’ aimed at obtaining information on all accounts held by British taxpayers.
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turning away us clients will not save you
The Chartered Institute for Securities & Investment (CISI) has accused the US of "behaving like a bully" in imposing unfair costs on UK investment managers through the implementation of FATCA.
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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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further deadline extensions unlikely for fatca
It is unlikely that there will be any further extensions or delays in FATCA deadlines following last week’s extension announced by the US authorities, according to international law firm Withers.
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fatca launch dates delayed
America's tax authorities have delayed the starting dates of key parts of FATCA for those non-US financial institutions in countries not covered by an intergovernmental agreement with the US.
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crown dependencies to sign fatca agreements
The governments of Guernsey, Jersey and the Isle of Man have announced plans to negotiate partnership agreements with the US to implement FATCA.
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fatca agreement gives uk exemptions
UK registered pension schemes and tax-advantaged ISA savings products will be exempted from the new FATCA reporting requirements following a significant agreement signed by the US and the UK.
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us expats seek to make fatca fbars
A Switzerland-based group of expatriate American organisations is seeking to put such issues as FATCA and Foreign Bank Account Reports on the political agenda, as the US heads into the final stretch of its presidential election campaign.
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us tax specialist treitel launches own firm
David Treitel, a London-based US- and UK-qualified tax specialist, has struck out on his own with a new firm that specialises in helping American citizens, as well as advisers with American clients, who need help navigating the increasingly complex US tax landscape.
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key provisions of the recent facta model
Law firm Withers Worldwide explains the recent FACTA agreements signed between the US, France, Germany, Italy, and Spain and highlights a number of key questions the agreements raise.