FATCARSS

Two-day in-person seminar: Complete 1099, TIN Matching, B-Notice, FATCA and Nonresident Alien 1042-S Compliance Update

Too much debt

The average cost of a Notice of Proposed Penalty is estimated at $150,000 including the penalty itself and the added costs for consultants, personnel, remediation of legacy records, etc. Compliance is far less expensive than the alternative.

2017 Global Common Reporting Standard (CRS) Survey

FATCA and CRS

Financial institutions face unprecedented data management and compliance challenges as they continue to grapple with multiplying CRS and FATCA related global tax transparency regulations.

CRS: the end of tax evasion?

CRS: the end of tax evasion?

Tax evasion and tax fraud have been affecting governments finances all over the world over the decades. It occurs within a country and across countries. Thus, a single country cannot solve the problem on its own. Countries need to work more together and internationally to combat the problem home and abroad.

Top fintech stories this week – 10 June 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Goldman Sachs to underpin new digital bank with Infosys tech It’ll be the e-Finacle digital banking platform, Banking Technology understands. Infographics: The Euro 2016 guide to e-commerce In the spirit of that football tournament that starts today, we’ve got an e-commerce […]

Infographics: FATCA and CRS – how ready are you?

CRS and FATCA Infographics

As we enter a new era in global tax reporting with increasing regulations around tax transparency, Banking Technology and Thomson Reuters have gathered industry views from across the globe to piece together a full picture on the financial market’s readiness for the Common Reporting Standard (CRS) and continued approach to the Foreign Account Tax Compliance […]

Webinar: FATCA & CRS Compliance: Are you ready?

Print

We are now in a new era of global tax reporting, with more regulations around tax transparency than ever before. To pull together a full picture on the market’s readiness for the Common Reporting Standards (CRS) and approach to the Foreign Account Tax Compliance Act (FATCA), Thomson Reuters has gathered industry views from a global […]

FATCA and CRS survey: how ready are you?

Survey

With the new era in global tax reporting, Thomson Reuters is conducting a survey to gauge the level of the industry’s readiness for FATCA and CRS. Evolving global regulations around tax transparency are challenging organisations around the world to implement new procedures. Are you ready? We are calling on you to help us create a […]

AEOI: tax reporting doesn’t have to be taxing

Colin Camp is at Dion

With so much attention on FATCA in recent times, the financial services industry could be forgiven for seeing it as the most obtrusive regulation ever imposed. This view will soon change. Once the Automatic Exchange of Information (AEOI) comes into force, financial institutions will have far greater challenges to overcome.

Uniting entity data – the missed opportunity

Neill Vanlint

In a post-2008 crisis landscape dominated by regulatory reform, compliance is only part of the issue. If firms can address how they manage multiple data sets and deploy a truly enterprise-wide model, they can capitalise on the real opportunity – achieving a competitive advantage.

SIX Financial Information gets ready for FATCA

Switzerland's SIX Financial Information is now providing FATCA tax information to the IRS

Switzerland’s SIX Financial Information has begun delivering FATCA tax information to the US Inland Revenue Service, ahead of the controversial extraterritorial tax’s reporting deadline in July.

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