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Posts Tagged FATCA

Securities Industry and Financial Markets Association (SIFMA) Criticizes FATCA

The entire burden for implementing the Foreign Account Tax Compliance Act (FATCA) falls on U.S. and foreign financial services firms, according to the Securities Industry and Financial Markets Association (SIFMA). In addition, a former acting IRS commissioner who helped oversee the rollout of the anti-tax evasion law…

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Six Key Business Tax Issues To Watch For in 2015

As companies assess the political landscape for 2015 they will also find an evolving economic outlook, and a heightened focus on tax transparency that could add “incredible uncertainty” to the tax outlook in 2015, says KPMG. Therefore, business executives will need to keep a close eye on…

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Projected Flat IRS Budget for FY 2015 Raises New Concerns

The IRS’s anticipated fiscal year (“FY”) 2015 budget took center stage at the IRS Oversight Board’s last meeting of 2014. Senior IRS officials remain concerned about potential funding reductions in FY 2015 but are committed to implementing unfunded mandates, such as the Patient Protection and Affordable Care…

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