The US Department of the Treasury has confirmed that it is discussing how to implement the Foreign Account Tax Compliance Act (FATCA) with more than 50 jurisdictions around the world.
Michael D’Ascenzo, a leading figure in multilateral cooperation against offshore tax evasion, is stepping down as the Commissioner of the Australian Taxation Office (ATO) at the end of 2012, when his seven-year term is up.
Penalties, compliance risk assessment tools and transfer pricing management, and how the Australian Taxation Office (ATO) approaches them are to come under the gaze of the government official responsible for reviewing how the office operates.
Douglas Shulman, the outgoing commissioner of the Internal Revenue Service (IRS) in the US, has identified transparency, timeliness and certainty as important elements of a “well functioning tax system in a global environment”.
