• FATCA inspiring new regulations

    The world is becoming smaller when it comes to tax compliance.

    Thanks to the Foreign Account Tax Compliance Act (FATCA), foreign governments and financial institutions are assisting the U.S. Internal Revenue Service in reporting financial activity and holdings of American citizens living abroad.

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  • Maryland tax laws struck down for being unconstitutional

    Maryland tax policy ruled unconstitutional.

    Maryland’s income tax system has been challenged and ruled as unconstitutional by the U.S. Supreme Court.

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  • Is FATCA hurting American taxpayers abroad?

    Some taxpayers are choosing to renounce their citizenship rather than complying with FATCA.

    The Foreign Account Tax Compliance Act (FATCA) was signed into law March 2010, but only recently have taxpayers and financial institutions across the globe been affected by its compliance regulations.

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  • Americans are concerned about tax information security

    When handling taxpayer data from around the globe, security efforts need to be stepped up.

    While governments around the world are calling for more transparency and compliance when it comes to taxes, both domestic and abroad, citizens have their own batch of concerns.

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  • CRS is not the same as FATCA

    Global tax compliance efforts are increasing.

    With the Foreign Account Tax Compliance Act (FATCA) introducing a wealth of new hurdles and reporting complexities for American individuals, businesses, financial institutions and governmental organizations around the world, it has become common to assume all compliance-related implementations are the work of the act, or at least under the guidance of it.

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