Internal Revenue Service (IRS)
IHS Markit Launches Solution for US Equity Derivatives Tax Mandate
The solution will help firms determine whether certain derivatives fall in scope of the Section 871(m) tax law, and calculates withholding details.
What Do You Know and When Do You Know It?
Recent IRD features focus on the challenges of collecting and accessing data in timely fashion
What to Factor in for Fatca
Three Key Dates Coming Up for Firms Trying to Comply with Fatca
IRD's Editor on GIIN Turnover Issue
Lack of up-to-date identifier information complicates Fatca compliance
The IRS's Weak Tea
Questions abound on the functioning of the IRS's Fatca compliance systems and identification lists
Fatca GIIN Numbers Experiencing Turnover
Identifiers used for compliance become invalid without notice, says tax reporting provider
IRD's Editor on IDES and Fatca Compliance
Will the US tax authority's interface prove workable?
Will IDES March Forward?
Fatca compliance system adds complexity for the industry
US IRS Launches Data Exchange Service for Fatca Reporting
Agency official promises secure, automated and standardized system
Fatca: The End of the Beginning
Practitioners have spent many months preparing for key aspects of the Foreign Account Tax Compliance Act that come into effect this week. But few will be able to breathe a sigh of relief when the US anti-tax evasion measure goes live, as similar…
LEI's Big Payoff
While the legal entity identifier is starting to produce value for data management operations, Fatca and BCBS 239 could follow suit in similar fashion
Shouldering Fatca Responsibility
The industry has the pieces necessary for effective systems and operations to comply with the US foreign tax withholding rules, but must figure out how to put them all together as the July 1 deadline nears
Thomson Reuters To Monitor Fatca Grandfathered Instruments
The data provider will alert users if an instrument loses its exemption from tax withholding under Fatca as a result of one of six possible types of material modifications
OFR's Reed Sheds Light on LEI's Omission from Fatca
Matthew Reed, of the Office of Financial Research and Regulatory Oversight Committee of the legal entity identifier project, says the LEI was not ready when the Internal Revenue Service made key decisions about Fatca, but suggests it will be added in the…
Taxed By Collection
Fatca regulation tax withholding is almost here, and industry experts outlined the burden firms are preparing to bear in a recent SIX Financial Information-sponsored discussion. Michael Shashoua reports on the data considerations and methods raised
IRS Fills In Fatca Details
The US Internal Revenue Service has issued a final form for filing under the foreign tax withholding regulation, completed more agreements with foreign entities to enforce the rules and extended a key registration deadline to April 12
Fatca's Endgame
Firms are thinking about the ways and means of complying with Fatca foreign tax withholding rules, even with incomplete guidance and preparation, as a key July 1 deadline approaches
Fatca Fatigue Increasing, Experts Say
Banks getting tired of incomplete information and spiralling costs of Fatca, experts on the regulation told attendees at an event organized by Inside Reference Data and SIX Financial Information
Entities and Data at Fatca's Crossroads
Heading into 2014, registration systems for compliance with the US foreign accounts tax law are ramping up, and the specifics of how Fatca will govern are starting to be filled in. Michael Shashoua surveys the remaining knowns and unknowns
Fatca Fault Lines
The financial services industry is asking for more specificity from US Fatca foreign tax collection rules, even as some in the industry say they're not moving quickly enough to meet mandated deadlines
IDC Adds Data on Fatca Withholding Obligations
The data and pricing vendor is helping clients prepare for the US anti-tax evasion regulation by identifying instruments that are generating US-sourced income