FATCA

The list below is a collection of articles that refer to, mention or discuss FATCA.

European FATCA On The Way To Simplify Tax

European FATCA On The Way To Simplify Tax

A European law compelling banks and financial institutions to reveal the financial details of their customers living in other European countries is a step closer after leaders said they would crackdown on tax dodgers. Using the controversial American Foreign Account Tax Compliance Act (FATCA) as a template, the European Union says they broadly support efforts … Read more

Categories Tax

British Wealth Managers Turn Away Wealthy Americans

British Wealth Managers Turn Away Wealthy Americans

Rich Americans can no longer find financial sanctuary with British wealth managers, who are turning them away because of new tax laws. The Foreign Account Tax Compliance Act (FATCA) is at the root of the problem. The new tax law that really begins to bite from January 2014 requires all American citizens to report foreign … Read more

Categories Tax

170 Countries Queue Up For Leaked Tax Cheat Info

170 Countries Queue Up For Leaked Tax Cheat Info

A major data leak revealing the offshore banking details of thousands of tax dodgers from 170 countries to the US, UK and Australia could be handed out to other nations for investigations. Tax administrators from the governments of 45 countries recently met up in Moscow and heard how three tax authorities had been handed the … Read more

Categories Tax

FATCA Spells End Of Banking Secrecy

Lawyers are predicting the end of banking secrecy around the world as increasing numbers of countries bring in legislation to satisfy voters angry at claims of companies and the wealthy dodging billions in tax. The moves are being led by the US with the Foreign Account Tax Compliance Act (FATCA) which forces financial institutions in … Read more

Categories Tax