Fatca compliance burden stretching further
After thinking they would be ignored in a broad reform of the US tax system led by David Camp, retail investors could find themselves in the firing line for phantom income tax, say bankers
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Taxation articles
Different tax treatment is placing foreign banks at a disadvantage, they say
Consultation undermines level playing field between banks and insurers on capital issuance
The natural relationship between Fatca and AML means that banks are able to leverage existing AML capabilities in order to be Fatca compliant. But Fatca is ultimately a tax regulation, meaning tax departments also need to be onboard. Jessica Meek investigates...
The controversial EU financial transaction tax could prove the undoing of some hedge funds if implemented across 11 member states as it now stands. Transaction costs are set to soar
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future