Tax Law

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Virtual Currency Regulatory Developments
Posted on 16 Jun 2014 by LexisNexis Tax Law Community Staff

By Prof. William H. Byrnes IV and Dr. Robert J. Munro * Editor's Note : The following is an excerpt from the e-book only title Money Laundering, Asset Forfeiture, and Recovery and Compliance - A Global Guide , by William Byrnes and Robert Munro... Read More

FATCA FFI Compliance Extended; FATCA Portal, Other Key Dates Pushed Back
Posted on 15 Jul 2013 by William H. Byrnes IV

In a major U.S. Treasury announcement about FATCA on the morning of July 12, 2013, titled “Engaging with More than 80 Countries to Combat Offshore Tax Evasion and Improve Global Tax Compliance.” Treasury extended by six months the start of... Read More

FATCA FFI Compliance Extended; FATCA Portal, Other Key Dates Pushed Back
Posted on 23 Jul 2013 by William H. Byrnes IV

In a major U.S. Treasury announcement about FATCA on the morning of July 12, 2013, titled “Engaging with More than 80 Countries to Combat Offshore Tax Evasion and Improve Global Tax Compliance.” Treasury extended by six months the start of... Read More

IRS Brushes Aside the Constitution to Make Way for FATCA
Posted on 5 Mar 2013 by Allison Christians

In a Tax Notes International article [ gated ] today [ News Analysis: Who Is A Manager Under FATCA? , tax analysts ® Worldwide Tax Daily , March 4, 2013] , Lee Sheppard discusses remarks about FATCA by Jesse Eggert, Treasury associate international... Read More

FATCA's Application to Foreign Entities and Foreign Assets
Posted on 25 Mar 2013 by LexisNexis Tax Law Community Staff

Editor's Note: The following is an excerpt from Chapter 6 of the forthcoming LexisNexis® Guide to FATCA Compliance by William Byrnes and Robert Munro, scheduled for publication in May 2013. Types of Entities The Foreign Account Tax Compliance... Read More

FATCA (Foreign Account Tax Compliance Act) Proposed Regulations
Posted on 26 Jun 2012 by Pamela Revak

The most recent proposed Foreign Account Tax Compliance Act (FATCA) regulations are designed to lighten the due diligence and compliance burden on foreign financial institutions and U.S. withholding agents, especially with respect to high value accounts... Read More

HIRE Act Focuses on Disclosure and Reporting by Foreign Financial Institutions
Posted on 23 Apr 2010 by Joan C. Arnold and Laura D. Warren

H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE), was signed into law on March 18. This law contains provisions previously included in proposed legislation in the Foreign Account Tax Compliance Act of 2009 (H.R. 3933, S. 1934), known... Read More

FATCA Compliance Programs
Posted on 24 Mar 2014 by William H. Byrnes IV

By Prof. William H. Byrnes and Dr. Robert J. Munro * Editor's Note: The following is an excerpt from Chapter 2 of the 2014 edition of LexisNexis Guide to LexisNexis® Guide to FATCA Compliance by William Byrnes and Robert Munro, published February... Read More

FATCA and Switzerland: Model II
Posted on 15 Feb 2013 by LexisNexis Tax Law Community Staff

Editor's Note: The following is an excerpt from Chapter 19 of the forthcoming LexisNexis® Guide to FATCA Compliance by William Byrnes and Robert Munro, scheduled for publication in May 2013. In General On June 21, 2012 the U.S. and the Swiss... Read More

Reporting and Withholding Guidance: Payments to FFIs Under FATCA
Posted on 2 Apr 2012 by LexisNexis Tax Law Community Staff

Editor's Note : This narrative is derived from Tax Controversies: Audits, Investigations, Trials § 17.04 (Matthew Bender) by Robert S. Fink, J.D., LL.M., Kostelanetz & Fink, LLP, New York, N.Y. ... The Foreign Account Tax Compliance Act... Read More

Political Pushback on FATCA
Posted on 3 Feb 2014 by William H. Byrnes IV

By Prof. William H. Byrnes IV and Dr. Robert J. Munro * ...The Joint Statement between the U.S., France, Germany, Italy, Spain and the United Kingdom regarding an intergovernmental approach to improving international tax compliance and implementing... Read More

LexisNexis® Guide to FATCA Compliance
Posted on 28 Feb 2013 by LexisNexis Tax Law Community Staff

As the world becomes "smaller," the dynamics of global financial transactions are intensifying. This is why the Foreign Account Tax Compliance Act (FATCA) is one of the most important awareness issues in today's tax policy and compliance... Read More

FATCA Expanded Affiliated Groups (EAGs) by Country -- FFIs
Posted on 16 Jul 2014 by LexisNexis Tax Law Community Staff

By Prof. William H. Byrnes IV and Haydon Perryman * Foreign financial institutions (FFIs), along with their branches and affiliates, are defined as an "expanded affiliated group." There are 3,778 Lead Entities of EAGs among the approximately... Read More

FATCA in Canada: Constitutional Challenge Mounting
Posted on 28 Feb 2014 by Allison Christians

A group of Canadians has put together a campaign to explore the constitutional violations posed by FATCA in Canada. Some of these issues were raised by pre-eminent constitutional scholar Peter Hogg, in this letter to Finance . Others arise because of... Read More

The Foreign Fund’s FATCA Dilemma – A New White Paper
Posted on 21 Oct 2011 by Ivan Mitev

I've been posting some of the FATCA white papers prepared by Navigant's FATCA task force on this blog. Continuing this practice, I just received the latest one from my colleague Rich Kando at Navigant's Disputes and Investigation Practice... Read More

Tags: FATCA