In a move sure to send shock waves through the offshore banking community, the Justice Department yesterday announced its first criminal conviction for violating the Foreign Account Tax Compliance Act ...

FATCA, Foreign Account Tax Compliance Act concept. Woman uses smartphone to take questionnaire. United States law for financial institutions Non-American citizens report financial accounts and taxes.

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. FATCA has been the primary nemesis for many out to strip FATCA ...

All bank account holders in India have to provide self-certification about their tax residence for Fatca compliance ;Interest from NRE accounts is exempt from tax, once you return and your accounts ...

Come 1st May the Indian government has brought in some new rules and regulations into place to make the entire economic system more clear. FATCA or Foreign Account Tax Compliance Act are being ...

At the first meeting of the GST Council, states proposed certain formulae based on their revenues for calculating compensation while the Centre proposed compensating states if the revenue growth rate ...

One of the many challenges facing companies that develop, utilize, or invest in digital assets (including cryptocurrencies, tokens, security tokens, and asset-backed digital assets) is navigating the ...

This, he asserted, would “restore fairness and balance” to the U.S. tax code. Then in 2010, Congress passed the Foreign Account Tax Compliance Act (FATCA) which was tacked on to the Hire Incentives to ...

Chennai, May 2 (IANS) There were no automatic blocking of bank accounts that did not comply with Foreign Account Tax Compliance Act (FATCA). However, in the case of mutual funds, the blocking kicked ...

IN THE depths of recession in 2010, a jobs-obsessed Congress passed the Hiring Incentives to Restore Employment Act. Bolted on to it was the arcane-sounding Foreign Account Tax Compliance Act. There ...