On July 14, the Foreign Account Tax Compliance Act became effective, and instantly virtually all foreign banks were required to keep track of, and report on, all assets held by U.S. 1,099 more words
Tags » Foreign Account Tax Compliance Act
First off, what is FATCA? FATCA is an acronym that stands for Foreign Account Tax Compliance Act. This is an American initiative, with global reach, that places on-going obligations on non-US financial institutions to verify and review accounts to establish whether the account is held or ultimately controlled by a US person. 429 more words
Having tax ties to the U. S. does not mean beware, rather be aware of the additional considerations and act accordingly.
As part of our August 6, 2014 Wealth Matters webcast, we heard from, Michelle Connolly, Vice-President, Wealth Planning at CI Investments, Inc., and Titus Ebenezer, Regional Vice-President, Wealth Planning at United Financial, a division of CI Private Counsel LP, highlighted recent immigration and information-sharing changes that impact Canadians spending time in the U.S., and the various tax and information reporting obligations of U.S. 738 more words
US Jacks Up Exit Fee For Those Renouncing CitizenshipCanada Free Press ^ | 08/31/14 | Alan JoelPosted on 8/31/2014, 10:02:02 AM by Sean_Anthony
Current administration would rather squeeze U.S. 238 more words
Finance Budget projected many important changes related to NRI investments and taxation. One of the very important changes that have gone unnoticed by tax experts is that India is preparing to comply with FATCA (Foreign Account Tax Compliance Act) of USA. 502 more words
The Foreign Account Tax Compliance Act (FATCA) agreement (2014) between Hungary and the United States entered into force on 16 July 2014.
Under the agreement, Foreign Financial Institutions (FFIs) in Hungary will report the information required under FATCA about U.S. 46 more words