PEQ QI Information 05/2011
FATCA: IRS kündigt auf Januar 2012 Vorschläge für neue Bestimmungen an

Der Commissioner of Internal Revenue, Douglas H. Shulman, kündigt in einer Rede vor dem IRS/George Washington University 24th Annual Institute on Current Issues in International Taxation vom 15. Dezember 2011 an, dass der IRS "kurz nach Neujahr" Vorschläge für neue Bestimmungen zu FATCA machen wird. Dabei sollen die zahlreichen Feedbacks von Banken und anderen Finanzdienstleistern berücksichtigt werden, einerseits in Bezug auf mögliche Konflikte zwischen FATCA und den Gesetzen anderer Länder, andererseits betreffend den Schwierigkeiten, die US Quellensteuer-Vorschriften bei Passthru Payments einzuführen und einzuhalten. Auch die potentiell hohen Kosten, die für FFIs anfallen, will der IRS ansprechen.


Douglas H. Shulman: "We have taken these conversations very seriously and you can expect new proposed regulations from us soon after the new year that take into account the implementation concerns we have heard. One goal of these regulations is to address these concerns and provide a way forward to allow responsible corporate citizens to work through these tricky issues in a practical fashion."


Gesamte Originalaussagen von Commissioner Shulman auf Englisch (siehe FATCA im mittleren Teil der Rede)

 

PEQ wird Sie wieder informieren, sobald der IRS die neuen Bestimmungen publiziert hat.

 

FATCA: IRS Announces New Proposed Regulations in January 2012

The Commissioner of Internal Revenue, Douglas H. Shulman, announces the new proposed regulations regarding FATCA  for “soon after the new year” in his speech before the IRS/George Washington University 24th Annual Institute on Current Issues in International Taxation on December 15, 2011.


Douglas H. Shulman: “Congress wrote and passed FATCA to give us tools to combat offshore tax evasion. Since the law was passed, we have put out three pieces of guidance laying out a practical framework and timeline for implementation, such as phasing in the statute’s requirements.
I have also directly engaged executives from banks and financial institutions around the globe, as have my colleagues at the Treasury Department and IRS. We have listened to their major concerns that generally fall into two categories. First, is the conflict between FATCA and other countries’ laws. Second, is the difficulty in implementing and administering the withholding requirements for passthru payments and the potential burden they place on foreign financial institutions.
We have taken these conversations very seriously and you can expect new proposed regulations from us soon after the new year that take into account the implementation concerns we have heard. One goal of these regulations is to address these concerns and provide a way forward to allow responsible corporate citizens to work through these tricky issues in a practical fashion.”


View Commissioner Shulman’s entire speech (see middle section for FATCA)

 

PEQ will update you on the new proposed regulations as soon as they have been published by the IRS.

 

Contact

Should you have any questions regarding the information discussed in this newsletter, please do not hesitate to contact:

 

Julia Mills, Partner

PEQ LLC

Falkenstrasse 30

8032 Zurich

Phone: +41 44 253 67 67

Fax: +41 44 253 67 69

millspeqsolutions.ch

www.peqsolutions.ch

 

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PEQ QI Information 05/2011.

 

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