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"ATO issues updated #FATCA information and forms http://t.co/v66g8JeW0B""Minutes of ATO Individual Taxpayer Advisory Forum meeting http://t.co/FCjSzkqas9 #austax""Taxpayer in SCCASP Holdings as trustee for H&R Super Fund applies for special leave to HighCourt (special income) http://t.co/QOKHINHbba""Exposure draft on the Sustaining the Superannuation Contribution Concession measure — defining “end benefit”. http://t.co/630NPYmHXs""Did you know there are about 100 announced tax changes in the pipeline? #unenacted #taxmonitor"Advertisment
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Tag Archives: financial services
Easing the pain of FATCA
Urged by the financial services industry that the rules under FATCA would be “totally unworkable” the IRS issued several Notices (2010-60, 2011-34 and 2011-53) to ease the implementation of FATCA. Now come the proposed Regulations containing some relief, especially in the start date of the obligations under the Act. The proposed regulations exclude from the definition of withholdable payment any payment made under an obligation outstanding on 1 January 2013. Therefore payments on obligations entered into before 1 January 2013 … Continue reading
