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US expats warned on new tax lawIt is possible that American expatriates living in the Gulf could have their passports revoked next month if they fail to comply with their tax and financial obligations under the Foreign Account Tax Compliance Act (FATCA), an expert has warned. More… |
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3 more Swiss banks join US tax dealThree more Swiss banks - Bank Coop, Migros Bank, and Linth Bank - said they would work with US officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the coun More… |
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US tax law 'may hit Bahrain firms'The US Foreign Account Tax Compliance Act (Facta) will affect almost all financial institutions and other entities in Bahrain with exposure to US taxpayers and transactions, according to KPMG. The Facta legislation and its impact on the en More… |
