Tax & Accounting Blog

Banks “Starting to Panic” over FATCA

Banks “Starting to Panic” over FATCA

Risk.net recently released an article stating that banks are now starting to panic over FATCA. According to the European Banking Federation (EBF) and the Institute of International Bankers (IIB), it has been estimated that large banks will have to spend in the region of $250 million each to contact clients and overhaul computer systems … Read More

ONESOURCE Property Tax Software “Knowledgebase” Touts New Features

ONESOURCE Property Tax Software “Knowledgebase” Touts New Features

Several recent additions to the ONESOURCE Property Tax software “Knowledgebase” continue to make it the premiere property tax software solution available. New Knowledgebase features include expandable Category folders, with the biggest change appearing in the Research & Content folder, which contains the new Calendars category where the Personal Property Research Tools article is located.  Also new are state-specific … Read More

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HMRC Drafts Anti-Avoidance Legislation

HM Revenue and Customs’ (HMRC) August 1st anti-avoidance legislative draft is a response to attempts by some UK taxpayers to exploit the existing framework for double taxation agreements (DTAs). With approximately 120 bilateral DTAs, the main purpose of the proposed UK legislation is two-fold: 1) Reinforce the right of the HMRC to ensure that individuals, … Read More