Foreign Account Tax Compliance Act (FATCA)

Stockbroking firm Redmayne-Bentley has stopped offering its services to US clients as it moves to comply with incoming tax regime FATCA.

Wealth management firms are making final preparations for the introduction of US tax regime FATCA as the 5 May registration deadline approaches.

Thousands of ‘accidental Americans' could be unwittingly caught by the Foreign Accounting and Tax Compliance Act (FATCA) from July, leaving them exposed to US tax liabilities, Vestra Wealth has warned.

Most American expatriates have at least questioned their US citizenship due to the impact of the Foreign Account Tax Compliance Act (FATCA), a survey suggests.

Europe's insurers spent as much as €9bn keeping pace with a barrage of regulatory changes imposed on the industry in the years following the financial crisis, according to a report by Deloitte.

Britain's Crown Dependencies and Overseas Territories have re-affirmed their commitment to a global standard in tax transparency, which will lead to cost savings to businesses and government.

Luxembourg has bowed to FACTA-style pressure and plans to introduce automatic exchange of information.

Jersey has announced a FATCA style agreement with the UK consistent with those agreed with the Isle of Man and Guernsey.

More financial centres are believed to be on the verge of signing an exchange of information agreement with the UK. Guernsey is the latest to announce it's intention to finalise a draft agreement on a proposed tax package with the UK which comprises an...

The US authorities have released their final set of rules on the FATCA regime designed to prevent tax evasion among US citizens with assets in offshore accounts.