Contributed by brighttax.com, 19 September, 2016
FBAR is an acronym for the Foreign Bank Account Report. For over 40 years, all Americans with foreign bank or other financial accounts meeting certain requirements have had to report these accounts to the IRS... Read Full Article »
Contributed by IBSA, by Derren Joseph, 30 September, 2014
FATCA is a term that must be familiar to anyone who deals with US institutions or US persons. Few of us in the International Business Structuring space however, truly grasp the implications. It is hoped that this brief article not only helps in further our understanding of FATCA in general, but also our understanding of how it may impact financial institutions here in Singapore. Read Full Article »
Contributed by IBSA, by Howell Bramson, Robert Kiggins, 30 September, 2014
FATCA is aimed at addressing perceived tax abuse by US citizens and residents using accounts located outside the US to hide income from the US revenue authorities. Robert Kiggins and Howell Bramson outline the reasons behind FATCA and some of the practicalities affecting implementation. Read Full Article »