International Tax News Headlines
Posted by William Byrnes on October 19, 2015
| No Social Security Cost of Living Adjustment, 3rd Time Since 2009, But Medicare Premiums Surging for Some
James Green, Group Editorial Director, Investment Advisor Group analyzes the 2016 coming tragedy for a large segment of retirees – Medicare premiums will surge but the Social Security payment to pay it will not increase one cent. Read his analysis… |
| New OECD CRS web portal for automatic exchange of information opens
The OECD launched its new portal on Automatic Exchange of Information (AEOI). It provides a comprehensive overview of the work of the OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes in the area of… |
| EU Commission Updates Black Listed Countries by Member States
EU Commission Updates Black Listed Countries by Member States Posted: 16 Oct 2015 01:26 AM PDT
Another UBS Banker Avoids Jail
Bloomberg reported that the former UBS Swiss banker Hansruedi Schumacher who plead guilty to assisting US clients evade taxes will not go to jail. Instead, he will pay a $150,000 fine and be sentenced to probation in reward for testifying…
| OECD BEPS Video & PPT
Senior members from the OECD’s Centre for Tax Policy and Administration (CTPA) commented on the final outputs of the OECD/G20 Base Erosion and Project Shifting Project, including the next steps and the involvement of developing countries. See yesterday’s post with…
| OECD Releases All Final BEPS Reports – Links Herein
The OECD presented today the final package of measures for a comprehensive, coherent and co- ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at their meeting on 8 October, in Lima, Peru. The OECD/G20…
U.S. Begins Reciprocal Automatic Exchange of FATCA Information With Foreign Governments
The Internal Revenue Service today announced the exchange of financial account information with certain foreign tax administrations, meeting a key Sept. 30 milestone related to FATCA, the Foreign Account Tax Compliance Act. To achieve this, the IRS successfully and timely…  OECD launches report on greater co-operation and information sharing between government agencies to counter financial crimes
Vast amounts are lost to illicit financial flows, including tax evasion, money laundering, bribery and corruption. These crimes threaten the strategic, political and economic interests of both developed and developing countries. In a world of limited resources and increasing complexity,…
| FATCA Deadlines Postponed Again – Notice 2015-66 Released
Extension of FATCA Transitional Rules for Gross Proceeds, Foreign Passthru Payments, Limited Branches and Limited FFIs, and Sponsored Entities; Reporting of 2014 Information under a Model 1 IGA; and Modification to Grandfathered Obligation Rule with Respect to Collateral Notice 2015-66… |
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