Search Results for: compliance
HMRC launches new FATCA online service
October 16th, 2014
HMRC has launched a new online service for UK financial institutions to register and report financial information on behalf of their US clients. In 2010, the US passed the Foreign Asset Tax Compliance Act (FATCA), meaning foreign financial institutions ...
New Report Charts EU Tax Policy Changes In 2014
October 16th, 2014
The European Commission has published a new report detailing key tax reforms implemented by European Union member states during 2014 and identifies the main policy challenges they are said to face. The report notes that the tax burden on ...
Multiple companies to launch on Qatar Exchange
October 16th, 2014
Multiple companies are preparing to launch initial public offers on the Qatar Exchange in the coming months, the CEO of the bourse has reported. Rashid bin Ali Al Mansoori told the exchange was working with the companies to complete ...
Monaco Signs OECD Multilateral Tax Convention
October 15th, 2014
Monaco has become the 84th jurisdiction to commit to strengthen international tax cooperation through its participation in the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Welcoming the signing by José Badia, Monaco’s Minister for Foreign Affairs and ...
Revenue & Customs set to miss target for prosecution of tax evaders
October 13th, 2014
Tax authority set a target of 1,165 people a year by 2014/15, but analysis of the last tax year shows it prosecuted just 795. HM Revenue and Customs has fallen behind in its pursuit of criminal prosecutions for tax ...
IOSCO Consults on Principles regarding the Custody of CIS Assets
October 13th, 2014
The International Organization of Securities Commissions (IOSCO) has published a consultation report on Principles regarding the Custody of Collective Investment Schemes’ Assets. The report is aimed at gathering the views of investment managers, custodians, institutional investors and other interested ...
Google Provides Details on ‘Right to Be Forgotten’ Requests
October 10th, 2014
Google said that it had removed more links in Europe to content on Facebook from its search results than from any other website. Facebook, and Google’s own services, are among the websites to be most affected by Europe’s so-called ...
CFTC organised session on Bitcoin
October 10th, 2014
The US Commodity Futures Trading Commission (CFTC) held a meeting yesterday in Washington, DC, to discuss bitcoin as it relates to the agency’s role as the country’s chief futures and options regulator. Panelists for the CFTC event included Coin ...
HMRC hails VAT ruling against university
October 7th, 2014
HMRC has welcomed the Upper Tribunal’s decision that a university’s leaseback arrangement should be ignored for VAT purposes. The Upper Tribunal allowed HMRC’s appeal against a First-tier Tribunal decision that a leasing scheme did not constitute an “abuse of ...
Second California Regulator Under Fire for PG&E E-Mails
October 7th, 2014
A second California regulator deliberating on a $1.4 billion penalty proposal against PG&E Corp. (PCG) for its role in a deadly 2010 natural gas pipeline blast has come under attack for communications with the company. Commissioner Mike Florio’s credibility ...
