Please enter your email address to receive a password reminder.
Log into Tax-News+
The Indian Ministry of Finance on April 11 warned that where Foreign Account Tax Compliance Act-related self-certification and due diligence in relation to financial accounts have not taken place by April 30, 2017, affected accounts may be frozen until such time as these checks have taken place. Read Full Story
The National Taxpayers Union Foundation has urged US lawmakers to address the tax compliance burden as part of comprehensive tax reform. Read Full Story
On April 5, 2017, US Representative Lloyd Doggett (D - TX), a senior member of the House Ways and Means Committee, and Senator Sheldon Whitehouse (D - RI), a member of the Senate Budget Committee, introduced legislation to tackle multinational tax avoidance. Read Full Story
Russian and Japanese government representatives met in Tokyo on March 27 to begin negotiations on updating their double tax agreement. Read Full Story
New Zealand has asked taxpayers for input on countries that lack the safeguards to ensure information automatically exchanged under the Common Reporting Standard remains confidential. Read Full Story
Italy and Switzerland have agreed to allow group requests for information relevant in tax matters. Read Full Story
According to Treasury Department statistics published in the Federal Register, a record 5,411 US taxpayers gave up their passports or their green cards in 2016 – over 26 percent more than the previous record of 4,279 set in 2015. Read Full Story
The deVere Group, an independent financial consultancy, has begun lobbying in Washington for repeal of the US Foreign Account Tax Compliance Act. Read Full Story
On January 19, Greece and the United States signed an intergovernmental agreement to facilitate compliance with the US Foreign Account Tax Compliance Act by financial institutions in Greece. Read Full Story
The Israel Tax Authority has confirmed that there have been reciprocal exchanges of information, on both American citizens in Israel and Israeli citizens in the United States, under the countries' Foreign Accounts Tax Compliance Act intergovernmental agreement. Read Full Story
IMPORTANT NOTICE: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
All rights reserved. © 2017 Wolters Kluwer