(Image courtesy the Guardian) …and confusion reigns! The on-line portal for foreign financial institutions (FFI) to register for FATCA set up by the U.S Internal Revenue Service goes ‘live’ on July 15 but the sign-in instructions have still not been finalised. Thousands of banks, insurance companies, investment funds and other FFIs with U.S. customers are required … More FATCA Registration Begins in 6 Days…
A union between a man and a woman is still the definition of marriage in Germany; even though same-sex unions are recognised under the law. In fact, in response to proposals for similar tax treatment of married couples and same-sex unions, Angela Merkel’s ruling party rejected the idea and instead chose to reaffirm that, “the advancement … More Same-Sex Tax Squabbles.
“As a matter of course”……What does that mean really; and why is that language used in the recently signed Inter-Governmental Agreement (IGA) between Germany and US designed to help German financial institutions comply with the US Foreign Account Holder Tax Compliance Act? You couldn’t look much harder for a more imprecise expression than …”as a … More Why I’m Learning to Speak ‘American’.
The ‘marriage’ between Germany’s conservatives and its left-wing liberals who together have maintained control of the Bundestag since 2009 is under considerable strain. As a result Angela Merkel finds herself between a rock and a hard place on the issue of tax reform for gay couples. Same-Sex Marriage Still Illegal but… Germany still does not … More Same-Sex Union Tax Squabble.
….must have been the cry of French and German tax authorities (in their native tongues of course) as earlier this week they entered the private homes of top UBS officials in Lyons, Bordeaux and Strasbourg; and Credit Suisse customers in Bochum and Dusseldorf in search of evidence of tax evasion facilitation and money-laundering. Although Switzerland and … More This is a Raid!!