Explains U.S. QI and FATCA regulations in ways that allow financial institutions to understand their compliance obligations and take practical steps to meet them
Builds on the basic framework of the QI and FATCA and provides updates over the last 5 yearsIncludes two new chapters on AEoI/CRS and BEPS

Autorentext

Ross McGill is a well-known author of nine books on international withholding tax and associated regulation as well as anti-tax evasion frameworks (GATCA). McGill sits on several international tax related committees including ISO20022 Securities Evaluation Group. He was an Expert Witness to the European Commission FISCO Group in 2012 and a member of, and editor of, the European Commission Tax Barriers Business Advisory Group Report on in 2013. He has been nominated by multiple financial institutions on two occasions for membership of the US ETAAC and IRPAC tax committees. McGill is Chairman of TConsult Ltd, a specialist consultancy with clients in 15 countries, specialising in providing operational opinion on regulatory compliance to QI, FATCA, AEoI, CRS, MiFID II, GDPR and BEPS amongst others. McGill speaks regularly at conferences including The Network Forum events in Asia, Europe and Africa and has written numerous thought leadership articles for Tax Notes International, theInternational Bureau of Fiscal Documentation (IBFD) amongst others.

Inhalt
Introduction.- Part I The QI Regulations.- 1. Principles of IRC Code Chapter 3 - 2. Contracts: The QI AgreementWith Commentary.- 3. Documentation.- 4. Withholding and Depositing Tax.- 5. Information Reporting and Tax Returns.- 6. Control and Oversight .- 7. Penalties.- 8. Issues for Non-qualified Intermediaries.- 9. 871(m) and QDD.- PART II FATCA.- 10. An Introduction to FATCA.- 11. Principles of FATCA.- 12. Due Diligence.- 13. Simplifying FATCA.- 14. FATCA Withholding.- 15. Reporting.- PART III: Related Global Tax Initiatives.- 16. International Context.- 17. Conclusions.- 18. Further Reading. <b