When the Foreign Account Tax Compliance Act (FATCA) was first introduced by the USA, there was a degree of reluctance among some in the finance industry to engage with it.
Speaking at the recent Jersey Pensions Association conference, Bedell Cristin's Nancy Chien highlighted the need for pension regulation in Jersey.
The Guidance Notes are not intended to replace the OECD commentaries on the CRS and consequently they are not intended to provide a comprehensive set of notes covering every scenario.
Further to our briefing note "The Common Reporting Standard: draft Jersey legislation released" dated November 2015, the Chief Minister's Department has published draft guidance notes dated February 2016 ("Guidance Notes")...
The draft Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Jersey) Regulations 201- (the "Regulations") were lodged au Greffe on 13 October 2015.
With
Zillah Howard,
Lisa Springate
The court was required to consider whether the alleged conflict of interest of the persons appointed as new protectors was such as to invalidate their appointment.
With
James Campbell,
Richard Laignel
The draft regulations on QROPS (The Overseas Pension Schemes (Miscellaneous) Regulations 2015)) published by HMRC on 19 December 2014 will have an impact on all Jersey pension schemes.
With
Stephen Adams,
Simon Pascoe
The Foreign Account Tax Compliance Act was introduced by the United States in 2010 as part of the US Hiring Incentives to Restore Employment Act.
With
James Campbell,
Richard Laignel
The Commercial Court in Ireland gave its judgment in Greene and Others v Coady & Others [2014] IEHC 38, otherwise known as the "Element Six" case.
An increasing number of Channel Island financial services businesses are expanding into South East Asia.
Nancy Chien, senior associate, International Private Client Group, Bedell, says that significant changes are on the horizon for pensions in the Island.
