The author represents a number of clients in ongoing litigation against the excessive nature of public registers of beneficial ownership, the US Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). Cases are pending before the courts in Austria, Germany, Luxembourg ...
Both Clearstream Banking S.A. (CBL) and Clearstream Banking AG (CBF) are recognised as being FATCA compliant under FATCA regulations, as both entities are incorporated in countries (Luxembourg and Germany respectively) that have signed a Model I IGA with the U.S.A. In addition, both entities...
FATCA exposes Jenny to a potential hack throughout the data processing chain as data is passed from the bank to HMRC and then on to the IRS. There is the significant unintended consequence that US citizens like Jenny may be unable to open UK bank accounts, or are seeing them closed down,...
Luxembourg currently has no industry standard self-certification. CRS expanded declaration of tax residency question may be requested for funds domiciled in CDOT jurisdictions. Irish domiciled funds - individual investor: only confirm U.S. FATCA status due to data protection. ...
Chapter 31 Luxembourg Chapter 32 Russia Chapter 33 Turkey Chapter 34 India Chapter 35 Argentina Chapter 36 Aruba Chapter 37 Australia Chapter 38 Bermuda Chapter 39 Colombia Chapter 40 Cyprus Chapter 41 Hong Kong Chapter 42 Macau Chapter 43 Portugal ...