FATCA
North America | 21 Aug 17
Legal challenge against Fatca shut down by US appeals court
A group of US citizens living abroad “lack standing” to challenge the US Treasury Department’s taxes on their foreign bank accounts, the country’s Court of Appeals for the Sixth Circuit ruled on Friday.
Best Practice | 29 Jun 17
Life assurance and the digital fightback
Life assurers are having to make big strides to catch up with advisers and mass market retail providers when it comes to digital innovation to meet growing expectations from high net worth individuals (HNWI), according to Lombard International Assurance’s Aidan McClean.
North America | 9 May 17
‘Frustrated’ EU politicians step up pressure on US over Fatca
Members of the European Parliament have asked the European Commission to open talks with the US to make data exchange under the Foreign Account Tax Compliance Act (Fatca) reciprocal.
North America | 7 Apr 17
Key Republicans lobby US Treasury to repeal Fatca
Two senior Republicans have called on the Trump administration to commit to repealing the Foreign Account Tax Compliance Act (Fatca) as they announce plans to overturn the legislation.
North America | 6 Apr 17
Surge in US expats declaring offshore assets
The number of American expats in the UK declaring their offshore assets to the US taxman has surged in 2017, amid fears that an Obama-era tax amnesty could be curtailed or ended by the Trump administration.