Global IRW Newsbrief

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Global IRW Newsbrief: Canada and the US sign FATCA Intergovernmental Agreement
The United States and Canada announced on February 5, 2014, that they have signed an Intergovernmental Agreement (IGA) to improve international tax compliance and to implement the US Foreign Account Tax Compliance Act (FATCA). The IGA must be ratified under Canadian laws before it comes into force.

Global IRW Newsbrief: Implementation of the International Tax Compliance (United States of America) Regulations 2013 – Guidance Notes
On August 14, 2013, HM Treasury and HMRC issued updated Guidance Notes in respect of the Implementation of The International Tax Compliance (United States of America) Regulations 2013 laid before the UK House of Commons earlier this month. This version of the guidance supersedes any versions previously published.

Global IRW Newsbrief: The International Tax Compliance (United States of America) Regulations 2013 effective on September 1, 2013
On August 7, 2013, HM Treasury and HMRC laid the International Tax Compliance (United States of America) Regulations 2013 (UK Regulations) before the UK House of Commons. This Newsbrief identifies key changes and certain additions from the proposed UK Regulations which were released in May 2013.

Global IRW Newsbrief: US government announces six-month extension to FATCA effective dates
The IRS and the US Department of the Treasury issued Notice 2013-43 announcing revised timelines for implementing various provisions under FATCA.

Global IRW Newsbrief: Draft FATCA-related IRS forms: A snapshot of those released so far
Preparation for compliance with FATCA is well underway and a key element will be the various forms used to communicate between withholding agents, their payees, and the Internal Revenue Service (IRS).

Global IRW Newsbrief: European Commission seeks to expand automatic information exchange between EU Member States
European Union Tax Commissioner Algirdas Šemeta on June 13, 2013 presented a Proposal for a Council Directive intended to combat tax evasion by expanding the scope of the automatic exchange of information between EU Member States.

Global IRW Newsbrief: HM Treasury and HMRC release details outlining the implementation of FATCA in the UK
This Newsbrief identifies key changes from the draft UK Regulations released in December and highlights relevant aspects of the associated Guidance Notes.

Global IRW Newsbrief: BMF announces the release of the German Intergovernmental Agreement for implementing FATCA
This Newsbrief provides an overview of the key elements of the German-U.S. IGA and how it compares to the Model 1 IGA.

Global IRW Newsbrief: The widespread reach of FATCA: How will it affect your business?
Understanding the impact of FATCA and the path forward for non-financial multinational businesses.

Global IRW Newsbrief: New FATCA guidance for qualified intermediary, withholding foreign partnership, and withholding foreign trust applicants
The Internal Revenue Service (IRS) released important guidance on its website for entities that are classified as foreign financial institutions (FFI) under the provisions of the Foreign Account Tax Compliance Act (FATCA) and considering applying for qualified intermediary (QI), withholding foreign partnership (WP), or withholding foreign trust (WT) status.

Global IRW Newsbrief: IRS releases draft FATCA registration forms and additional information regarding FFI lists
The Internal Revenue Service (IRS) released draft Form 8957, Foreign Account Tax Compliance Act (FATCA) Registration, for public review and comment on April 5, 2013.

Global IRW Newsbrief: New multilateral action to combat tax evasion
On April 9, the Government of the United Kingdom announced an agreement with France, Germany, Italy and Spain to develop and pilot multilateral tax information exchange arrangements.

Global IRW Newsbrief: Applying FATCA to captive insurance arrangements: Surprising results may occur
A captive insurance company is an example of an entity that can produce surprising results when the FATCA rules are applied - affecting both the captive and other entities involved in the arrangement.

Global IRW Newsbrief: How do the final FATCA regulations affect asset managers?
Highlights key areas for consideration for asset managers (including notable changes from the proposed FATCA regulations).

Global IRW Newsbrief: How do the final FATCA regulations impact insurers?
The final regulations relating to the provisions of the Foreign Account Tax Compliance Act (FATCA).

Global IRW Newsbrief: Switzerland and the United States sign a FATCA Intergovernmental Agreement
On February 14, 2013, Switzerland and the United States signed an intergovernmental agreement (Swiss/US IGA) concerning the implementation of FATCA in Switzerland.

Global IRW Newsbrief: Final FATCA regulations issued: let the compliance begin
The Internal Revenue Service issued comprehensive final regulations implementing the information reporting and withholding tax provisions.