Foreign Account Tax Compliance Act

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IRS Unleashes Global FATCA Data Exchange, Offshore Transparency Everywhere

FATCA is America’s global tax reporting law that calls for nations everywhere to report U.S. account holders. Better get compliant, and soon. read »

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The Vatican Bank, Christmas Cheer, And FATCA

For years, the Vatican Bank has sidestepped EU regulations intended to bring about greater transparency in the financial sector. That was before Pope Francis, who has pledged to restore public confidence in the administration of the Roman Catholic Church. This week we learned the United States and the Holy See have brokered a FATCA agreement for […] read »

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Gibraltar–A Tax Haven–Sues ABC For Calling It A Tax Haven

Gibraltar doesn’t like being called a tax haven, but are there any left? America’s FATCA has changed the map forever. read »

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Vatican Bank Joins 100 Nations In FATCA Offshore Account Hunt

FATCA now counts over 100 nations, with even the Pope’s Holy See jumping on the IRS offshore tax compliance bandwagon. read »

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FATCA Envy Spreads Across Hemisphere

Thanks to FATCA (the Foreign Account Tax Compliance Act), the IRS is now receiving important data on formerly hidden bank accounts, but tax administrators in other countries aren’t so fortunate. Their enforcement efforts are stymied by a lack of information on offshore income. As the current spat between Colombia and Panama illustrates, revenue […] read »

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