Topic: FATCA

JD Supra Corporate Brief: Tax Reforms, Electronic Evidence, Office Romance, US Sanctions

Law news you can use, every day: the JD Supra Corporate Brief. Sign up for email delivery. Senate Finance Committee publishes 19 pages of potential tax reforms for tax-exempt organizations (Venable) Unexpected FATCA delay gives foreign banks an additional six months to comply… (Pepper Hamilton) Trying to gather electronic evidence from employee laptops, online services,… Read more »

JD Supra Corporate Brief: Delaware Corporation Bylaws, Cram Down Plans, Paid Sick Leave, ACA Whistleblower Protections

Looking for law news? You’ve come to the right place… The Delaware Court of Chancery has held that boards of directors of Delaware corporations may adopt bylaws requiring lawsuits over the internal affairs of that corporation to be brought in Delaware… (DLA Piper) Two recent appeals court decisions separately address the rights of secured creditors,… Read more »

2012 in Review – The Most Popular Corporate Law Report Posts of the Year

What’s on your mind? Four themes in particular, if we go by what you’ve read over the past year: Legal issues related to doing business internationally Dodd-Frank regulations and other financial reforms Intellectual property Health care, including in particular HIPAA regulations and health care reform As popular as those issues were, however, there are many… Read more »

Most Popular Corporate Law Posts – Mar 2012

What’s on your mind? Human trafficking, the mortgage foreclosure settlement, investor visas to the US, and HIPAA compliance and violations, among other things. For your reference, here’s a look at the most-read Corporate Law Report posts over the past month: 1.California Transparency in Supply Chains Act Takes Effect January 1, 2012  “The California Transparency in… Read more »

International Interesting: Syria, Russia, UK Bribery, Qatar, Australia, More

Seven international updates caught our eye today. For your reference:  Russia Accedes to OECD Anti-Bribery Convention (Dinsmore & Shohl) “The law defines foreign government official to include any appointed or elected official who has a position in any legislative, executive, administrative, or judicial branch of a foreign country or an individual who serves any public… Read more »

FATCA: Why It’s Still Important, New Filing Requirements, & More

We continue to see interest in the legal implications for US taxpayers and foreign financial institutions alike of the Foreign Account Tax Compliance Act, known as FATCA. For your reference, here’s a roundup of recent advisories from lawyers and law firms on JD Supra. [See also the updated 5 Takeaways from New IRS FATCA Guidance] … Read more »

Most Popular Corporate Law Posts – Feb 2012

For your reading pleasure, here’s a roundup of the most-read Corporate Law posts over the past month: human trafficking, HIPAA compliance, FATCA regulations, fracking, conflict minerals and more.  1. California Transparency in Supply Chains Act Takes Effect January 1, 2012 “The California Transparency in Supply Chains Act of 2010 goes into effect on January 1,… Read more »

5 Takeaways from New IRS FATCA Guidance

On February 8, 2012, the Internal Revenue Service issued its long-awaited proposed regulations for implementing the Foreign Account Tax Compliance Act (FATCA). The new rules lay out a step-by-step process for US account identification, information reporting, and withholding requirements for non-US financial institutions and other foreign entities. For your reference, five takeaways from the proposed… Read more »

IRS to Dual Citizens: It’s Time to Come Clean (re FATCA, FBAR and Other Foreign Tax Reporting)

Just in time for the 2011 tax season, here’s a roundup of recent legal updates that address tax reporting requirements – and penalties for non-compliance – for US dual citizens with foreign income and financial assets: IRS Issues Fact Sheet Providing Information on Federal Income Tax Return and Foreign Bank Filing Requirements – Potential Penalties… Read more »

FATCA Puts Foreign Banks on Notice…

“[The Foreign Account Tax Compliance Act] imposed a substantial withholding tax, due diligence, and reporting regime on non-U.S. entities to enlist their assistance in rooting out U.S. taxpayers who are using offshore entities and accounts to hide their assets and income. Unfortunately, the rules are lengthy, difficult to comprehend, expensive to implement, and will likely… Read more »