fatca reporting

The Cayman Islands Embrace FATCA Reporting And International Tax Compliance

The Cayman Islands Tax Information Authority has embraced FATCA reporting with a precise focus. They have made a strong point to remind all Cayman Islands investment funds that have been designated as foreign financial institutions about their international tax compliance obligations. The designation of foreign financial institution is given whenever Read more…

international tax reform

A Deeper Look Into The 2015 Congressional Efforts To Enact Bipartisan International Tax Reform

On July 8, 2015, the International Tax Reform Working Group, co-chaired by Senators Rob Portman (R-OH) and Chuck Schumer (D-NY), released its long-awaited International Tax Bipartisan Tax Working Group Report (“the Report”). With the 2015 Congress focused on a bipartisan effort to enact international tax reform, it is important to Read more…

national taxpayer advocate

National Taxpayer Advocate Nina Olson Supports A Same Country Exemption For FATCA And FBAR Reporting Rules

As National Taxpayer Advocate, Nina Olson helps taxpayers navigate the complexities of the IRS tax code and reporting requirements by trying to simplify the process and make it fair. With a recent focus on FBAR reporting requirements and FATCA disclosures, Nina Olson recommends the reporting rules be merged into one Read more…

international taxation

Congressional Tax Reform Examines A Territorial Vs. Worldwide Approach To International Taxation

In Washington D.C., Senators want to overhaul the current federal rules and regulations on international taxation. Needing extra funding to repair the nation’s infrastructure, the Congressional bipartisan teams examined the territorial vs. worldwide approach to international taxation. A bipartisan proposal by Senators Rob Portman (R-OH) and Charles Schumer (D-NY) could Read more…