Service providers report that while financial institutions have coped well since the introduction of the Foreign Account Tax Compliance Act (FATCA) a year ago, they must prepare for a bigger, global challenge.
Heather Maloy, the IRS commissioner for the Large Business & International (LB&I) division, is joining EY's National Tax department as tax controversy leader.
Vishnu Lutchmeenaraidoo, the Mauritius Minister of Finance and Economic Development, has added his country's name to the list of those that have signed up to the Multilateral Convention for Mutual Administrative Assistance in Tax Matters.
The OECD, and the Global Forum on Tax Transparency and Exchange of Information, which it organises, have moved to assert their preeminence as the international bodies that discuss and decide on transparency and exchange of information standards.
Andersen Global is launching in Latin America through the addition of the NOVINT, Capin, Ibañez & Asociados and Montes, Hernández, López y Del Castillo, accounting and law firms in Mexico.
