Fatca
June 19, 2015
I’m pleased to learn the latest push by lobby group RepealFATCA to revoke the highly contentious Foreign Account Tax Compliance Act, FATCA, and also of their opposition to the Global Account Tax Compliance Act, GATCA.
The most recent drive has seen RepealFATCA.com send newly announced Republican candidates, Jeb Bush and Donald Trump, a request for their endorsement of both the 2014 and 2015 resolutions by the Republican National Committee, RNC, calling for the repeal of
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June 18, 2015
This week it was revealed by the global media that Wal-Mart, the American multinational retail corporation, owns more than $76 billion of assets in overseas tax havens.
The story was covered by a whole host of media outlets, including Bloomberg, USA Today, the New York Post and many more.
This week it was revealed by the global media that Wal-Mart, the American multinational retail corporation, owns more than $76 billion of assets in overseas tax havens.
The story was covered
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June 3, 2015
As I have today been quoted in the media as saying, I’m of the belief that presidential candidates must justify their stance on the highly contentious Foreign Account Tax Compliance Act (FATCA) ahead of the 2016 election - and much more must be done to eradicate this toxic law.
As I have today been quoted in the media as saying, I’m of the belief that presidential candidates must justify their stance on the highly contentious Foreign Account Tax Compliance
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May 15, 2015
I’m pleased to see the world’s most read online news source is flagging up the horrors and flaws of America’s controversial Foreign Account Tax Compliance Act, or ‘FATCA’.
An article in the New York Times written by Stu Haugen, an American marketing, sales and general management expert, describes FATCA as an ‘American Tax Nightmare’. And, as you might know by now, I couldn’t agree more.
I’m pleased to see the world’s most read online news source is
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March 26, 2015
It’s a real honour to be nominated for the 2015 Ops Business Person of the Year award by FTF News. It is in recognition for my work in campaigning against the Foreign Account Tax Compliance Act, or FATCA.
These awards recognise the work and achievements accomplished by finance professionals, service providers, regulators and industry experts throughout 2014, and to be nominated alongside other such leaders within the financial services industry is something of
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February 16, 2015
At the time of writing this blog there are more than 300 readers’ comments to the CBS article “Record number renouncing American citizenship.”
The report features comments I made last week on official U.S. Treasury Department data that reveals that the number of Americans who revoked their U.S. citizenship reached an all-time high of 3,415 people last year - a jump of 14 per cent from 2013.
At the time of writing this blog there are more than 300 readers’ comments to the
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February 11, 2015
The U.S. Treasury Department revealed this week that a record number of individuals relinquished their U.S. citizenship in 2014.
Since the Internal Revenue Service (IRS) was granted unfettered and unprecedented access to U.S. citizens’ foreign bank accounts in 2010, the number of people forsaking their citizenship has been at its highest. The amount of renunciations also reached a record high in 2013, totalling 3,000, with last year’s figure representing a
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November 19, 2014
The Mayor of London and potential future Conservative leader/British Prime Minister, Boris Johnson has joined the army of voices against America's controversial global tax law, the Foreign Account Tax Compliance Act, or 'FATCA'. Speaking as part of a recent book tour on the Diane Rehm show, Mr Johnson was characteristically forthright in his views against FATCA. The Mayor of London and potential future Conservative leader/British Prime Minister, Boris Johnson has
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October 29, 2014
deVere Group recently carried out a survey following the introduction of FATCA (Foreign Account Tax Compliance Act), which reveals that 73 per cent of American expatriates are considering relinquishing their U.S. passports as a direct result of this highly controversial law – a law of which I have been a vocal opponent.
Our findings correlate with official data from the U.S. Government, which shows that since FATCA came into effect on 1st July, the number of
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October 9, 2014
Further doubts surrounding the Foreign Account Tax Compliance Act (FATCA) have been expressed by Nina Olson, National Taxpayer Advocate, and IRS Commissioner, Steven Miller during a meeting of the Securities Industry and Financial Markets Association this week.
With the purported aim of targeting offshore tax evaders, FATCA requires all financial institutions in the world to report all their American clients’ financial activities directly to America’s Internal Revenue Service
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October 2, 2014
FATCA: Three months on…
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Since it was rolled out three months ago yesterday, the Foreign Account Tax Compliance Act, known as FATCA, has encountered some problems. As predicted.
The Internal Revenue Service (IRS) is reportedly falling short on international tax collections, and a number of weaknesses have been highlighted in Uncle Sam’s collection program as a whole. Since it was rolled out three months ago yesterday, the Foreign Account Tax Compliance Act, known as FATCA, has encountered some problems. As predicted.
The Internal Revenue Service (IRS) is reportedly falling
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June 12, 2014
News that hard-hitting lawyer, Jim Bopp is getting involved in the fight against the introduction of the contentious Foreign Account Tax Compliance Act (FATCA) could make all the difference in the so-called ‘toxic’ law being ruled out before it’s even begun. News that hard-hitting lawyer, Jim Bopp is getting involved in the fight against the introduction of the contentious Foreign Account Tax Compliance Act (FATCA) could make all the difference in the so-called ‘toxic’
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