Tag Archives: FATCA
The former CEO of Saint Vincent-based Loyal Bank pleaded guilty and was convicted on 11 September of conspiring to defraud the US by failing to comply with the Foreign Account Tax Compliance Act (FATCA). This is the first conviction obtained … Continue reading
The U.S. Department of the Treasury (Treasury) and the U.S. Internal Revenue Service (IRS) have announced an extension to certain key dates for the implementation of the Foreign Account Tax Compliance Act (FATCA).
FATCA is United States legislation which is designed to enable the IRS to obtain information about offshore accounts held by US. taxpayers. The Australian government is pursuing an intergovernmental agreement with the U.S. but the scope and implementation date for … Continue reading
HMRC has published draft regulations for compliance with the US Foreign Account Tax Compliance Act (FATCA). The draft regulations are published alongside guidance notes, a tax information and impact note, and an explanatory webpage. The regulations are expected to come … Continue reading
HM Treasury and US Tax Authority release model agreement to implement FATCA in the UK and extend information sharing powers between the US and the UK
HM Treasury (in conjunction with the governments of France, Germany, Italy and Spain – together the ‘FATCA Partners’) have published the terms of a model agreement (the ‘Model Agreement’) which they propose to enter into with the US government (the … Continue reading