As the deadline for the implementation of the FATCA regulation has passed, Steve Engdahl (pictured), senior vice president of product strategy at data management provider GoldenSource comments on the implications.
The Italian government will start applying a 26% tax rate on financial gains from 1 July, as announced by PM Matteo Renzi at the beginning of his presidency.
Despite a push to obtain agreements with foreign governments through April, the US Treasury's own website notes the large number of outstanding Intergovernmental Agreements yet to be implemented fully around the Foreign Account Tax Compliance Act (Fatca)....
The Luxembourg and US governments have today signed an agreement to improve international tax compliance and implement the so-called Model 1 Intergovernmental Agreement (IGA) of the US Foreign Account Tax Compliance Act (FATCA).
Colin Camp, managing director of Products & Strategy at Dion Global Solutions, which specialises in business process automation, says those seeking solutions to Fatca should not forget the OECD's Common Reporting Standard.
Data from the Association of the Luxembourg Fund Industry points to net fund sales of some €193bn through the past year, or about half of all net fund sales across Europe.
Financial information provider Interactive Data Corporation has announced that it has released a comprehensive reference data to assist financial services firms as they prepare to comply with the US Foreign Account Tax Compliance Act (FATCA).
The US Department of the Treasury and US Internal Revenue Service have published proposed guidance for Foreign Financial Institutions as defined under the Foreign Account Tax Compliance Act (Fatca), and which are covered by Model 2 Intergovernmental Agreements...
Fatca has been cited as one of the areas that can be better addressed through the merger of technology companies, more specifically in the form of the recent acquisiton of US based AnalytX by eFront, the specialist in solutions for alternative asset managers....
Documents detailing answers to two sets of FAQs - frequently asked questions - have been posted by the US Internal Revenue Service as part of its ongoing work to implement the Foreign Account Tax Compliance Act - Fatca.
The International Securities Association for Institutional Trade Communication (ISITC) Europe has launched its latest Working Group dedicated to covering the operational impact of US Fatca legislation on European financial institutions.
Sandrine Leclercq, counsel for Baker & McKenzie Luxembourg has outlined the impact of Fatca regulations on the local funds industry.
The US Internal Revenue Service (IRS) has updated its website for information relating to the Foreign Account Tax Compliance Act (Fatca), in preparation for registrations required from August.
Drafts of documents that will need to be filled in and returned to the US Internal Revenue Service as part of Fatca (Foreign Account Tax Compliance Act) regulations have been published by the IRS and US Treasury.
Developing the Swiss asset management brand and resiliency to the same degree as the country's banking sector is a key focus at both the Swiss Funds Association (SFA) and the Swiss Banking Association (SBA).