The Challenges of GATCA

The Challenges of GATCA

The global anti-tax evasion frameworks that comprise GATCA have as many commonalities as they have differences, so it makes sense to approach regulatory compliance in a holistic fashion.

In this post, we explore how smaller firms are responding to the pressures of compliance…

Remember your New Reporting Obligations Under AEoI / CRS

Remember your New Reporting Obligations Under AEoI / CRS

You’re just getting over the initial FATCA and QI reporting, submitted all of your 1042-S forms, and now you’re looking ahead to September and the deadline for all those 1042 forms. However, you may need to report under AEoI/CRS at the same time. Are you planning ahead to avoid this headache?

Some Basic Responsibilities for a Responsible Officer

Some Basic Responsibilities for a Responsible Officer

Being a QI and Responsible Officer is not just about signing a bit of paper and filing this away….it is an on-going and ever developing regime. The ever-developing nature of the IRC Chapter 3 (QI regime), FATCA and now CRS & AEoI (informally know as GATCA)...
The Impact of Failing to Report Correctly

The Impact of Failing to Report Correctly

In this episode, your host Ross McGill brings you an overview of developments in the global regulatory landscape. We look at the changes in the penalties issued by the IRS for failure to report, how globally standardised issuing of documentation can be beneficial to...
Are You About To Lose Your ‘In Substance’ Benefits?

Are You About To Lose Your ‘In Substance’ Benefits?

Back in 2015 I pointed out to attendees at our training courses that there were strings attached to the status of ‘in substance’. I observed that the principle, if I were to take a purely commercial view of it, appeared to a face-saving measure for the IRS if there...