FATCA: Indian Financial Institutions Permitted to Block Accounts
India’s Central Board of Direct Taxes (CBDT) issued an update regarding the US-India FATCA IGA. India and the USA entered into a Model 1...
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Mandatory Registration Renewal for FFI Agreement
All Foreign Financial Institutions (FFIs) that have entered into an FFI Agreement with the US Internal Revenue Service (IRS) must renew...
Singapore Released Its FATCA Reporting Nil Paper Form
Singapore released its FATCA reporting nil paper form today. The Inland Revenue Authority of Singapore (IRAS) requires nil reporting...
Cayman Islands CRS Notification & Reporting Deadline Extended
The Cayman Department for International Tax Cooperation (DITC) issued an industry advisory extending the dates for Common Reporting...
CRS: What Does Controlling Person Mean for the Unsuspecting Executive?
It may be startling for a headquarters executive or regional sales director to be asked to provide photocopies of every page in their...
Where FATCA and Biotech Compliance Coincide
In my practice, I represent clients in the financial industry (FATCA/CRS) and in the biotech industry (legal management of foreign...
CRS: Cayman, India, Mauritius Take Wider Approach
The Cayman Islands, India, Mauritius and the majority of other jurisdictions participating in the Standard for Automatic Exchange of...
CRS: New Cayman Criminal Sanctions
Recently released Cayman Islands Common Reporting Standard (CRS) Regulations added significant criminal enforcement sections which...
New CRS Rule: Non-Reporting FIs Must Register in Cayman AEOI Portal
The Cayman Islands issued The Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment)...
FATCA: Limited Conditional Status Terminates on January 1, 2017
To provide a bridge between the start of FATCA and the time necessary for jurisdictions to enter into Intergovernmental Agreements (IGAs)...
The Sleep Deprived Cow and the Importance of Corruption Risk Research
Have you heard the story about the ex-pat driving home along a European country road who hit a telephone pole? How about the part of the...
IRS Pushes Out Date to Use New W-8BEN-E
In April 2016, the IRS released a new Form W-8BEN-E. Ordinarily, the old 2014 Form W-8BEN-E would be permitted to be used for six months...
Double Up on Notifications Re:Taxation on Overseas Assets
Pursuant to local CRS and FATCA implementation, certain jurisdictions such as the United Kingdom require that Reporting Financial...
Sponsored Entity Registration Procrastination
The IRS requires that some sponsoring entities register their sponsored entities for their own Global Intermediary Identification Numbers...
Mandatory Use of 2016 Form W-8BEN-E Coming Down the Pike
In April 2016, the IRS released a new Form W-8BEN-E. The old 2014 Form W-8BEN-E is permitted to be used for six months subsequent to the...
India Prohibits FATCA Account Closures
India and the USA entered into a Model 1 IGA for implementation of FATCA on 31st August, 2015. As part of the IGA implementation, India’s...
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