UK says no to son of FATCA but David Cameron puts tax evasion on G8’s agenda

Ralph Cunningham

November 21 2012

The UK government may be eager to help financial institutions comply with the Foreign Tax Compliance Act (FATCA) but it has rejected a call to introduce its own version of the US law. At the same time, the UK said the G8, of which it is the president in 2013, would focus on tax evasion.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

Ralph Cunningham

Ralph Cunningham worked at ITR between 2004 and 2018 and is now a freelance journalist.

more across site & shared bottom lb ros

More from across our site

Direct Tax

A taxing week: HMRC whistleblower payouts would achieve more than swelling coffers

ITR understands that UK Chancellor Rachel Reeves will announce a consultation on the proposed financial reward scheme, which had left advisers fretting

Tom Baker, November 14 2025

Direct Tax

This week in tax: US court rejects Medtronic request to reconsider TP ruling

The long-running dispute centres on Medtronic’s use of the comparable uncontrolled transaction TP method; in other news, Paul Hastings and FTI Consulting both made double tax hires

Sam Sholli, November 14 2025

Transfer Pricing

ITR Award Winner Series: Shannon Smit, Transfer Pricing Solutions

The boutique Australian firm’s TP award recognition proves that world-class advisory services aren’t limited to the ‘big four’, the firm’s founder tells ITR

November 13 2025

Indirect Tax

Brazil to become ‘pioneer’ with ‘unique’ VAT reform: OECD paper

Canadian and Indian dual VAT models have been a source of inspiration for the Brazilian model, but the latter has unique and innovative features, the OECD paper claimed

Sam Sholli, November 12 2025

Transfer Pricing

Suited figure pointing to audit among various hexagonal icons

Why South Africa’s tax audits are becoming unforgiving

More sophisticated use of technology, heightened TP scrutiny and stricter filing requirements are making South African Revenue Service audits a formidable challenge

Akashni Ashok Latchanna, November 12 2025

Direct Tax

Baker McKenzie appoints ex-IRS senior attorney to US tax practice

The hire of Doug Wick expands Baker McKenzie’s state and local tax practice and adds to the firm’s growing ex-IRS expertise

Sam Sholli, November 11 2025

Direct Tax

‘Big four but without the crap’: inside WTS Australia’s ambitions

One year after Nuwaru joined the WTS network, leaders James Jobson and Matthew Missaghi reflect on the firm’s mission to offer mid-tier pricing but deliver top-tier results

Tom Baker, November 10 2025

Rankings analysis

ITR World Tax 2027 webinar: completing your submission

Join ITR's Head of Research, John Harrison, for an overview of key dates, new developments, best practices, and more for next year’s research cycle

November 10 2025

Direct Tax

A taxing week: Supreme Court tariff loss would spell disaster for Donald Trump

The president’s tariff regime has already caused misery for taxpayers. Losing at the Supreme Court would mean it was all for nothing

Sam Sholli, November 07 2025

Direct Tax

This week in tax: US public CbCR opposition caused $475bn tax loss, report claims

The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires

Sam Sholli, November 07 2025