Countdown to FATCA Reporting: Will IT Glitches Mar Good Efforts? February 24, 2015 By Chris Kentouris With about a month left to comply with reporting requirements for the controversial US legislation aimed at catching tax dodgers overseas takes effect, IT departments are now in the hot seat. Read the article here.
The ‘Whys And Wherefores’ Of FATCA Withholding by Peter Stafford, DMS Offshore Investment Services Peter Stafford, a Cayman Islands attorney-at-law, is a Director and member of the Tax Information Services Team of DMS Offshore Investment Services.
Fatca legislation pierces corporate veil, says DMS Implications of the IGA regulations in Cayman for fund fiduciaries The US Foreign Account Tax Compliance Act (Fatca) has officially arrived in the Cayman Islands and spawned a new era of international tax compliance that was inconceivable only a few short years ago. Fund directors and other fiduciaries […]
GATCA: Brace for FATCA on Steroids The US Internal Revenue Service didn’t make any friends among financial firms abroad when it imposed the Foreign Account Tax Compliance Act (FATCA) to make non-US financial institutions responsible for preventing tax evasion by US persons. Read more here.
How FATCA is impacting hedge funds – Kathleen Celoria of DMS Offshore Investment Services on the effect of FATCA on hedge funds and private equity.
FATCA Responsible Officers: Be Careful, Very Careful You’ve just been named by your financial firm as a responsible officer under the US Foreign Account Tax Compliance Act, or FATCA for short. Read more here.
Featured Article: Model 1 vs. Model 2 FATCA Reporting For Alternative Funds: A Distinction Without A Difference by Kathleen Celoria, Executive Director, DMS Off shore Investment Services
Fund Managers and FATCA: Behind the Curve Or Just Being Prudent? The Foreign Account Tax Compliance Act (FATCA), which aims to help the US Internal Revenue Service catch potential tax evaders outside its radar, has always been viewed as a difficult regulation for financial firms to follow and with key deadlines close at hand some […]
Featured Article: Keep Calm And Carry On: How UK FATCA Impacts Foreign Financial Institutions by Kathleen Celoria, Executive Director, DMS Off shore Investment Services USA
FATCA’s good, bad, ugly choices Foreign institutional investors face new extraterritorial oversight July 1 this year marks the dawn of the FATCA new world order. Read more here.
How Asian managers should prep for Fatca deadline Read the rest here.
The Foreign Account Tax Compliance Act imposes registration and reporting and obligations on hedge funds, due to come into effect in just over three months, says Kathleen Celoria Read more here: http://www.risk.net/hedge-funds-review/interview/2334049/july-deadline-for-fatca-compliance-looms
Featured Article: Help Wanted: FATCA Responsible Officers Apply Within by Kathleen Celoria, Executive Director, DMS Off shore Investment Services
Political Backlash Over Privacy Could Come As Tax Evasion Reform (FATCA) Speeds Up Political tension could escalate if it becomes widely known that under U.S. diplomatic agreements targeting tax evasion, U.S. financial firms must share information on foreign-born U.S. residents with foreign governments. Read more here.
Hedge Funds Worried About FATCA Impact Under Affiliated Group Rules Feb. 13 — Hedge funds are watching implementation of the Foreign Account Tax Compliance Act with caution and have concerns about the treatment of some corporate investors that own 50 percent or more of a fund under rules for expanded affiliated groups, practitioners told Bloomberg […]