Posts Tagged ‘Compliance’
EU Nations Push For “European FATCA”
The largest members of the European Union have taken the first steps to create a unilateral agreement to increase international tax information exchanges. According to the Wall Street Journal, last weekend the financial ministers of France and Germany announced plans to fight international tax
IGAs: Agreements on a global scale
If it feels like the world is more of a global village than a collection of separate countries in today's society, that's because it is. The proliferation of information technology, together with an increased awareness of how foreign institutions affect domestic policies, has forever
Senator Rand Paul introduces legislation to repeal parts of FATCA
While the Foreign Account Tax Compliance Act (FATCA) has had its fair share of detractors both within and outside the U.S., new legislation introduced by Senator Rand Paul will likely stir debate regarding the regulations further. Paul, a Republican Senator from Kentucky, has introduced
Agile Development in an Agile Industry
Twelve years ago, 17 software developers retreated to a resort nestled in the Wasatch Mountains of Utah. After three days of discussion, debate and collaboration, they emerged with a software engineering framework that would usher in a new age of development. After decades of struggling to use
Senator Rand Paul continues to block FATCA implementation
Republican Senator from Kentucky Rand Paul is continuing to block international tax treaties with Switzerland, Luxembourg, Hungary and other countries despite urging from Global Financial Integrity (GFI), an organization dedicated to stopping the flow of illegal money between countries. According
US, Australia, UK team up to fight tax evasion
As reported by the IRS, the U.S., Australia and the United Kingdom have announced a plan to share tax information regarding trusts and companies throughout the world. Sharing information regarding these entities, which hold assets for citizens of different jurisdictions, is only the latest
FATCA’s costs, demands weighed
The most common criticisms leveled at the Foreign Account Tax Compliance Act (FATCA) have been that implementation will be both time-consuming and costly. A recent article from The Royal Gazette shows that these are opinions shared by Bermuda's Premier Craig Cannonier. "Obviously it
UK government criticizes large accounting firms
The British Parliament is setting its sights on the Big Four accounting firms when it comes to tax avoidance, according to Accounting Today. The news source reports that the Public Accounts Committee in the British Parliament has criticized large accounting firms regarding their contributions to
