Tag: FATCA

Deloitte survey shows Channel Islands are getting on board with FATCA

| October 31, 2014 | 0 Comments

Results of Deloitte’s FATCA Fiduciary Survey show that the local fiduciary industry is rising to the challenge of the FATCA regime. 41 businesses across the three Crown Dependencies responded to the survey, with 78% of respondents saying they have completed their FATCA classification and only 10% reporting that their internal entities are not yet registered with the […]

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New software company launches KYC-FATCA product in the islands

New software company launches KYC-FATCA product in the islands

| July 16, 2014 | 0 Comments

With the FATCA registration deadline now past, one of the immediate challenges facing financial institutions is ensuring systems are adequate not only for this latest in a line of regulatory changes but also for what’s around the corner. This is the message from Blue Bison Software’s executive vice president, Chris Eaton, who was in the […]

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Nothing to Fear as FATCA Draws Closer Says EY

Nothing to Fear as FATCA Draws Closer Says EY

| April 16, 2014 | 0 Comments

Guernsey’s financial services businesses were told that they have nothing to fear from FATCA – yet, at a presentation given by EY’s Executive Director for Tax, Wendy Martin. EY’s Guernsey Head of Tax, David White welcomed the audience of 150 local professionals to the presentation and introduced Wendy Martin who joined EY last year from […]

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FATCA net is tightening, says US lawyer

| February 4, 2014 | 0 Comments

US lawyer Suzanne Reisman will tell Guernsey trust professionals how the FATCA net is tightening at STEP’s evening lecture this month. Suzanne, a US international private client and charities tax lawyer based in London, will update delegates on FATCA and IGAs, expatriation issues relating to trusts and pensions and current US gift and estate tax […]

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Finance sector businesses must act now to be ready for global information exchange

Finance sector businesses must act now to be ready for global information exchange

| October 24, 2013 | 0 Comments

Signing IGA’s are only one piece of the puzzle for Channel Island Financial services businesses to be fully geared up for efficient automatic tax information exchange, according to a tax expert from PwC. Both Jersey and Guernsey’s governments signed intergovernmental agreements with the UK this week (22 October) to automatically exchange information, but Debbie Payne, […]

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KPMG BusinessLife.co Funds Forum

KPMG BusinessLife.co Funds Forum

| October 7, 2013 | 0 Comments

The capability of Channel Islands fund practitioners needs to be flaunted, delegates heard at this year’s BusinessLife.co Channel Islands Fund Forum – sponsored by KPMG in the Channel Islands. The fourth annual event of its kind, titled ‘Navigating Through the Waves of Change’, was held at the Hotel de France in Jersey and attended by […]

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Joint statement from the Chief Ministers of Jersey and Guernsey regarding FATCA

| December 10, 2012 | 0 Comments

The following joint statement has been issued by the Chief Minister of Jersey, Senator Ian Gorst, and the Chief Minister of Guernsey, Deputy Peter Harwood, on developments relating to the Foreign Account Tax Compliance Act (FATCA) and the UK Government: “As communicated last week, officials from Guernsey, Jersey and the Isle of Man continue to […]

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IGA: The New FATCA?

| November 12, 2012 | 1 Comment

The likely Inter-Government Agreement (IGA) between Guernsey and the US and FATCA were the latest topics of the STEP Guernsey’s seminar series that took place this month sponsored by Collins Stewart. The seminar speaker, Tony Mancini, KPMG executive director, discussed the timing of the IGA and its implementation, where it diverges from proposed FATCA regulations […]

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Chamber of Commerce ICT group welcomes pan-island approach to FATCA

Chamber of Commerce ICT group welcomes pan-island approach to FATCA

| October 30, 2012 | 0 Comments

Chamber’s ICT sub-group, chaired by Marc Lainé, has welcomed the pan-island announcement on FATCA (the Foreign Account Tax Compliance Act) and indeed the collaboration between the islands’ governments on this issue. However the group believes more should be done to minimise the cost implications for businesses. Mr Lainé said this can be done in a […]

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FATCA announcements

| October 9, 2012 | 0 Comments

The Governments of Jersey, Guernsey and the Isle of Man have announced their intention to negotiate “Model 1” inter-government agreements (“IGAs”) with the US in relation to FATCA.  The agreements are expected to be similar to the agreement between the UK and the US signed on 12 September 2012 a copy of which can be […]

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