Foreign Account Tax Compliance Act (FATCA) News

A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter “inevitable glitches,” said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be sympathetic to banks doing their best …

Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), has praised an intergovernmental agreement signed by US Consul General Robert Settje and Bermuda Minister of Finance the Hon. E.T. “Bob” Richards to implement the …