The FATCA/AEOI Papers: Mishcon publishes research trove, unearthed as part of crowd-funded UK FATCA case

Correspondence and other documents having to do with the way the U.S. tax evasion-prevention law known as FATCA was agreed upon, and is now enforced by EU governments – along with similar materials having to do with the OECD’s more recent automatic exchange of information (AEOI) regime known as the Common Reporting Standard – have been published by a campaigning lawyer with London’s Mishcon de Reya law firm.

Growing FATCA, CRS scrutiny on wealth ownership, transfers between Israel, U.S. and LatAm: Report

Growing global enforcement of two major anti-tax-evasion regulations – America's Foreign Account Tax Compliance Act, and the OECD's almost-identical Common Reporting Standard – has begun to impact financial institutions and their clients in Mexico and LatAm generally who also have ties to Israel and, in some cases, the U.S., the Jerusalem Post newspaper  has reported. 

  • News

Switzerland suspends automatic exchange of info with Bulgaria in wake of data leak

Switzerland's Federal Council has announced that it has "decided to immediately suspend the automatic exchange of financial account information (AEOI) with Bulgaria" due to what it called "a problem with the country's data security" – a reference to the revelation earlier this year that the personal data of some 5 million Bulgarian and foreign taxpayers had been hacked from the Bulgarian National Revenue Agency.

  • Tax

OECD publishes 'blacklist' of 20 'golden passport' countries

 A "blacklist" of 20 countries that offer so-called “golden passports” to affluent foreigners in order to raise revenue has been published by the Organisation for Economic Cooperation and Development, as it warned of the potential misuse of these schemes to hide offshore assets from the scrutiny of the OECD's recently-introduced Common Reporting Standard scheme. 

  • News
Subscribe to this RSS feed

Opinion

Bright!Tax comment: The candidates' tax plans, and their likely implications for expats

Bright!Tax comment: The candidates' tax plans, and their likely implications for expats

Nov. 3, the date of the 2020 U.S. presidential election, is two weeks and one day away. Many expats will have voted by now, but for those who haven't –...

Oct-19-2020