Taxes

Fatca Compliance Problematic for Credit Unions

Fatca Compliance Problematic for Credit Unions

World Council of Credit Unions (Woccu) vice-president and chief counsel Michael Edwards believes that credit unions will face severe issues implementing the new US Foreign Account Tax Compliance Act, better known as Fatca. The act creates a significant regulatory burden…
G20 Plan Anti-Tax Fraud Information Network

G20 Plan Anti-Tax Fraud Information Network

Members of the G20 are planning an international network of information designed to reduce tax evasion. The system will automatically share peoples’ tax information with other countries in order to reduce funds diverted to offshore tax havens. The effort is…