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Showing 1 - 10 of 12 results for "IRS"

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... includes the Australian Taxation Office (ATO), Her Majesty's Revenue and Customs (HMRC) from the UK, Internal Revenue Service (IRS) Criminal Investigations from the US, the Canadian Revenue Agency (CRA) and the Dutch Fiscal Information and Investigation ...

Buffett fires back at Trump tax claims

MARK SMITH  |  WEDNESDAY, 12 OCT 2016
... only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward. "I have been audited by the IRS multiple times and am currently being audited. I have no problem in releasing my tax information while under audit. Neither ...

Australia signs FATCA agreement with US

MARK SMITH  |  TUESDAY, 29 APR 2014
... US taxpayers who use accounts with offshore financial institutions to conceal income from the US Internal Revenue Service (IRS). Under the inter-governmental agreement, Australian domestic law requires Australian financial institutions to collect and ...

FATCA outcome remains unclear

MARK SMITH  |  MONDAY, 21 JAN 2013
The full impact of the Foreign Account Tax Compliance Act (FATCA) regulations from the US Treasury and IRS on Australian financial institutions is still uncertain, says Ernst & Young's Paul Siviour. Ernst & Young's Oceania Banking and Capital Markets ...

FATCA discussions welcomed by FSC

BEN COLLINS  |  THURSDAY, 8 NOV 2012
... for its exemption from the regulations. Following the submissions, John Brogden briefed US Treasury and gave evidence to an IRS hearing in Washington. The US government has announced its intention to form intergovernmental agreements with Italy, Spain ...

Brokerage domination chokes competition: Paritech

MELANIE TIMBRELL  |  TUESDAY, 11 SEP 2012
... stockbroker is required by law to provide clients with cost-based reporting to avoid mistakes when tax returns are lodged with the IRS. As a result, stock broking firms now provide clients with reporting that's tax-ready in an effort to reduce the overhead ...

US releases model FATCA agreement

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
... Australian government. Brogden was in Washington DC earlier this month for meetings with US Treasury and Internal Revenue Service (IRS) officials around issues with the draft legislation which saw Australian super funds fail to qualify for exemption. ...

FSC focuses FATCA talk on govt agreement

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
... their financial and residency arrangements make them a US taxpayer. If so, the regime requires the fund to report this to the IRS or, in the case the member does not provide necessary information, to withhold a 30% tax on US-connected payments for that ...

Brogden calls for government agreement on FATCA

MELANIE TIMBRELL  |  TUESDAY, 15 MAY 2012
... chief John Brogden has called on the Gillard government to provide strong support for the wealth sector ahead of addressing an IRS hearing in Washington DC on the contentious FATCA regime. The Foreign Account Tax Compliance Act (FATCA) regime aims to ...

Banc of America Securities charged with fraud

RUTH LIEW  |  MONDAY, 13 DEC 2010
... invest the proceeds temporarily in reinvestment products before the money is used for the intended purposes. Under relevant IRS regulations, the proceeds of tax-exempt municipal securities must generally be invested at fair market value. The most common ...
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