The OECD today unveiled the full version of the new global standard for automatic exchange of information between jurisdictions, which will be presented to the meeting of G20 finance ministers in Cairns, Australia on September 20 and 21.
EU member states are not entitled to a share of the fees, in the form of capital duty, from the work carried out by one of its notaries to convert a capital company into a different type of capital company, the European Court of Justice (ECJ) has decided.
Governments have bridled at its extra-territorial effect, financial institutions have laboured to comply with its reporting and due diligence requirements, and some US Congressmen threatened to wreck it, but the withholding requirements under the Foreign Account Tax Compliance Act (FATCA) still took effect on July 1, six months later than planned.
