ima calls for us Treasury to delay fatca
The Investment Management Association has written to the US Treasury asking for a delay to the implementation of its FATCA regualtions.
Fatca
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fatca – a burden lifted
The US Treasury last week shed further light on how it intends to combat US tax evasion abroad, releasing proposed regulations on the application of the Foreign Account Tax Compliance Act.
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latest version of fatca rules clarify simplify
Kristin Konschnik, a partner in the London office of Withers, the international law firm, looks at the IRSs latest proposal for implementing FATCA.
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fatca backtrack unlikely
As FATCA-watchers around the world keep checking their smartphones for final guidance on the incoming US legislation, some experts are doubtful the US Treasury will stick to its recently-stated vow to try and make things easier for foreign financial institutions.
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facta replaces rdr in wasting advisers time
While wealth managers are more than aware of RDR – whether they have done anything about it or not is another thing – they may not be as aware of FATCA, another costly piece of legislation that comes in on 1 January next year that they would be equally foolish to ignore.
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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Signia Wealth achieves SEC registration
London-based Signia Wealth has announced its registration as an investment adviser with the SEC.
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PA ANALYSIS: Soros move highlights growing regulatory pressures
Soros’ exit from running external money highlights the growing regulatory pressures on firms.
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HSBC cuts ties with expat US clients
HSBC Private Bank stops offer of wealth management services to US private clients who bank overseas.
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‘More time to comply with FATCA’: IRS
Non-US financial institutions will have more time to comply with FATCA than originally thought.
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FATCA preparations now ‘a matter of urgency’, says KPMG
Fund managers and promoters alike are unprepared for the impact of FATCA legislation, says KPMG.
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FATCA could cause investors to shun US market
Experts are warning that a new US tax law could prompt investors to dispose of their US holdings.