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 do not declare income and assets held overseas.
The International Tax and Investment Center (ITIC), which works with politicians, officials, taxpayers, practitioners and others to encourage best practices in tax and investment policy, has appointed Beth Pessoa Ramos to manage its Latin American programmes.
The US National Taxpayer Advocate (NTA) has raised serious doubts about the creation of an international financial data regime as the goal of the Foreign Account Tax Compliance Act (FATCA).
A change in the final version of a document critical to compliance with the Foreign Account Tax Compliance Act (FATCA) will allow financial firms to choose which form of due diligence procedures to follow.
It has been a breathless time for the Foreign Account Tax Compliance Act (FATCA), the US law aimed at uncovering undisclosed money held by Americans in overseas banks.
