Titlebook: G.A.T.C.A.; A Practical Guide to Ross K. McGill,Christopher A. Haye,Stuart Lipo Book 2017 The Editor(s) (if applicable) and The Author(s),

Incorruptible

Simplifying FATCAthrough the use of the xml standard and online portals for the delivery of data in the International Data Exchange System (IDES) and the International Compliance Management Model (ICMM). Financial firms can themselves take risk reduction steps such as TIN Matching that is also described in this chap

猛然一拉

Principles of AEoI-CRSt to implement FATCA secondary legislation even after seven years. Practical issues discussed include (i) understanding, (ii) consultation, (iii) legislation and (iii) implementation, IT, training and administration.

fallible

The Common Reporting Standardt makes defining a reportable account and even assessing the effort required, a much more complex issue. We introduce here the concept of investor self declarations (ISDs) that mimic some of the features of the US W-8 forms and create similar problems for financial firms. Control and oversight in CR

易发怒

Introduction(GATCA) as the way of describing commonalties in all tax evasion detection and reporting frameworks. The differences between tax evasion, being illegal, and tax avoidance, being legal but ethically reprehensible are outlined. Tax evasion consists of either hiding assets cross border in the financial

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Mast-Cell

Background and Principlesl powers via the HIRE Act, AEoI is a voluntary framework that relies on domestic legislation. The chapter clarifies the concept of reportability being the basis of detection and flowing from KYC, AML, BEPS actions and enhanced due diligence. To reduce operational burdens, exceptions and exemption, b

intoxicate

Introduction to FATCAS legislation, is based on the HIRE Act (2010) which provides rules for non-US financial firms and also obligations on US persons to report their non-US assets. FATCA is effectively a set of due diligence procedures to be applied by non-US financial institutions to allow them to identify US account

lethal

Principles of FATCA, one part of which provides rules for non-US financial institutions in due diligence and reporting while the other provides the legal obligation for US persons to report foreign (i.e. non-US) assets and accounts. At an operational level, the authors highlight key issues such as accidental Americans