New regulations show US is listening to compliance concerns on FATCA The US Treasury and Internal Revenue Service have responded to industry concerns in the final and temporary regulations for the Foreign Account and Tax Compliance Act (FATCA). By Ralph Cunningham February 26 2014
Professionals hope for discretion in new US rules on information document requests Practitioners are hoping US Internal Revenue Service (IRS) agents will get more discretion when a directive on the Information Document Request (IDR) enforcement process is reissued soon. By Ralph Cunningham February 14 2014
OECD standard makes progress towards automatic exchange of information Global automatic exchange of financial account information got a step closer today after the OECD published its Common Reporting Standard. By Ralph Cunningham February 13 2014
Intergovernmental agreement brings Canada into FATCA net Canada has overcome concerns about America’s Foreign Account Tax Compliance Act (FATCA) and signed a bilateral intergovernmental agreement (IGA) with the US to implement it. By Ralph Cunningham February 07 2014
Taxpayers support more formal cooperation as alternative to lengthy and expensive audits Tax executives are feeling the heat as governments around the world increase enforcement, initiating more audits and disputes. Some, though by no means a majority, believe a concept known in... By Ralph Cunningham January 31 2014
National Taxpayer Advocate points out flaws in FATCA implementation By Ralph Cunningham January 28 2014
ITIC moves forward with long game approach Ensuring that their company’s interests are protected as tax policy takes shape is not an easy task, but is an essential one for any tax director. By Ralph Cunningham January 28 2014
European Commission wins first round in ECJ against Spain over illegal tax incentives Spain should have to pay the European Commission €50 million ($68 million) and the costs of the case for failing to implement a European Court of Justice (ECJ) decision against... By Ralph Cunningham January 24 2014
European Tax Awards 2014: submissions period now open Companies and firms can now enter for the European Tax Awards 2014. Entry information is available in hyperlinks throughout this story. By Ralph Cunningham January 20 2014
Court victory reinforces IRS’s arsenal for targeting undeclared assets overseas The US Department of Justice (DoJ) believes the defeat of a challenge to the validity of interest-reporting regulations has boosted the government’s efforts to clamp down on US taxpayers who... By Ralph Cunningham January 16 2014
