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Tag: FATCA

The list below is a collection of articles that refer to, mention or discuss Foreign Account Tax Compliance Act, also known as FATCA

Don’t get tense over the tax on presents and gifts

Don’t get tense over the tax on presents and gifts

The beady eyes of the Internal Revenue Service are looking out for any US taxpayer who fails to report any offshore earnings or gains...
French commission calls for another tax crack down

French commission calls for another tax crack down

France, a popular destination for British expats, is the latest nation to set out measures to tackle tax management by the wealthy. A French Senate...
Israel puts FATCA cost and compliance under scrutiny

Israel puts FATCA cost and compliance under scrutiny

The Israeli government has set up a team of experts to look at the impact of the US FATCA anti-tax management laws. The government wants...
IRS will tip off UK about taxpayer finances under FATCA

IRS will tip off UK about taxpayer finances under FATCA

The US Internal Revenue Service will pass information about the financial affairs of taxpayers to HM Revenue & Customs as part of a new...
Germany threatens to pull plug on one-way FATCA

Germany threatens to pull plug on one-way FATCA

Wealthy investors with cross-border holdings are likely to become pawns in a political information war between tax authorities in the US and Europe. Hot on...
US cancels reverse FACTA laws for non-residents

US cancels reverse FACTA laws for non-residents

Expat investors with US holdings can relax as the onslaught to quell tax management by the wealthy eased as lawmakers cancelled some new legislation. In...
FATCA costs may drive wealth managers out of business

FATCA costs may drive wealth managers out of business

Financial advisers are finally waking up to the notion that tax management laws rolled out by governments across the world are aimed at them...
Swiss tax amnesty under fire from dissenters

Swiss tax amnesty under fire from dissenters

Swiss dissenters are trying to torpedo agreements that guarantee taxes worth billions are withheld from undeclared accounts held by the nation’s secretive banks. The three...
FATCA

FATCA tax laws will trap US courier customers

Thousands of US expats who use a US address as a staging post for online shopping may be trapped under the new tax laws. The...
IRS

IRS makes taxpayers an amnesty offer they can’t refuse

The US Internal Revenue Service (IRS) is inviting taxpayers living outside the States in from the cold by offering to write-off back taxes, fines...
Billionaire heiress rips up US passport in tax protest

Billionaire heiress rips up US passport in tax protest

Glitzy socialite and heiress Denise Rich has renounced her US citizenship in protest over increased taxes for the wealthy. In a move that pre-empts the...

US raises $5 billion from offshore tax amnesties

An offshore tax amnesty run by the US Internal Revenue Service (IRS) has collected more than $5 billion of ‘lost’ tax. More than 33,000 taxpayers...

US stretches FATCA net to two more countries

The US government has agreed Foreign Account Tax Compliance Act (FATCA) deals with Switzerland and Japan, bringing the number of agreements to seven in...

Tax lawyers urge IRS to dilute FATCA rules for insurers

US tax lawyers are urging the Internal Revenue Service (IRS) to water down some of the more costly elements of new tax enforcement laws...

Firms find FATCA too confusing

More than 200 legal, accounting and financial firms were asked how they were coping with FATCA - and more than 50% had no idea...

US signs two-way FATCA information deals with EU

The US government is tightening the net on tax cheats by signing two-way information-swapping deals with five European Union countries. The Foreign Account Tax Compliance...

Will FATCA make more Americans renounce their citizenship?

Most Americans you meet are fiercely proud of their nationality. Yet some of the 6 million or so Americans living overseas are finding that...

Basic FATCA advice

The question to answer when deciding whether the FATCA legislation imposes any obligations on you is to is whether you are a US citizen....

FATCA dilemma of not telling the IRS your financial secrets

FATCA - the Foreign Account Tax Compliance Act - effectively recruits foreign financial institutions as unpaid tax officers for the Internal Revenue Service (IRS). The...

How do I know if FATCA applies to me?

The US government is very specific about who financial disclosure applies to under the Foreign Account Tax Compliance Act (FATCA). The law orders foreign financial...