As part of its ongoing drive to strengthen corporate governance practices worldwide, the OECD today in Paris hosted a meeting of senior officials of key international organisations and representatives of … Read More
International Issues
IRS Interest Reporting Regulation Continues To Draw Heat
**Coalition Speaks Out** The Washington, D.C.-based Coalition for Tax Competition is seeking the “immediate” withdrawal of IRS Regulation 133254-02. Yesterday in Washington, DC the Center for Freedom and Prosperity, joined … Read More
U.S. International Tax Rules – Treasury Official Supports Reform
**Income Tax – International Rules** There is scope for reform of U.S. international tax rules, according to Kenneth W. Dam, Deputy Secretary at the U.S. Treasury. Speaking today at the … Read More
Anti-Terrorist Financing Task Force Releases Check List
*Operation Green Quest* is an inter-agency Anti-Terrorist Financing Task Force, established last year by the US Treasury Department. Its purpose is to augment existing counter-terrorist efforts by targeting financial networks … Read More
U.S. Expands Network of Tax Information Exchange Relationships
**New Agreement to Exchange Tax Information** On Monday, the US and Jersey signed a new agreement allowing for the exchange of information on taxes. The agreement was signed by Treasury … Read More
Wire Transfer Regulations – FATF Recommendation #7 To Be Tightened
**Anti-Terrorism Initiative** Last year, the Financial Action Task Force introduced 8 Special Recommendations which, when combined with its Forty Recommendations on money laundering, set out the basic framework to detect, … Read More
IRS Information Sharing Regulation Draws Opposition
Congressman Pete Sessions (TX) is the latest representative to express concern about proposals to require U.S. banks to report the deposit interest they pay to nonresident alien account holders. Rep. … Read More
No US Support For EU Savings Tax Cartel
**EU Savings Directive** The Washington, DC-based Centre for Freedom and Prosperity reported today that the Bush Administration has reiterated its opposition to the EU Savings Directive, an initiative it described … Read More
FTAA Negotiations On Target
This Friday, November 1, Trade Ministers from the 34 democracies participating in the Free Trade Area of the Americas (FTAA) process will meet in Quito, Ecuador to advance the negotiations … Read More
Worldwide Commitment to Anti-Terrorist Designations
**New Designations** On Wednesday of this week, the United States joined with Australia, Indonesia, the Philippines, Singapore and other Southeast Asian and European allies in notifying the United Nations that … Read More