LEADER 03660nam 22005175 450 001 9910349529603321 005 20220119190428.0 010 $a978-3-030-23085-2$bPDF 024 7 $a10.1007/978-3-030-23085-2 035 $a(CKB)4100000009273741 035 $a(DE-He213)978-3-030-23085-2 035 $a(MiAaPQ)EBC5896712 035 $a(EXLCZ)994100000009273741 100 $a20190910d2019 u| 0 101 0 $aeng 135 $aurnn#008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aUS Withholding Tax $ePractical Implications of QI and FATCA /$fby Ross McGill 205 $a2nd ed. 2019 210 1$aCham$cSpringer International Publishing$cImprint: Palgrave Macmillan,$d2019 215 $a1 online resource (XXX, 412 p. 50 illus., 6 illus. in color.) 225 1 $aGlobal Financial Markets 311 08$aerscheint auch als Hardcover US Withholding Tax : Practical Implications of QI and FATCA 978-3-030-23084-5 327 $aPart I The QI Regulations -- 1. Principles of IRC Code Chapter 3 - 2. Contracts: The QI Agreement?With Commentary -- 3. Documentation -- 4. Withholding and Depositing Tax -- 5. Information Reporting and Tax Returns -- 6. Control and Oversight -- 7. Penalties -- 8. Issues for Non-qualified Intermediaries -- 9. 871(m) and QDD -- PART II FATCA -- 10. An Introduction to FATCA -- 11. Principles of FATCA -- 12. Due Diligence -- 13. Simplifying FATCA -- 14. FATCA Withholding -- 15. Reporting -- PART III: Related Global Tax Initiatives -- 16. International Context -- 17. Conclusions -- 18. Further Reading. 330 $aThe US Qualified Intermediary (QI) and Foreign Account Tax Compliance Act (FATCA) regulations came into being in 2001 and 2010 respectively. They remain today the most challenging cross border tax regulations for financial institutions to comply with and operationalise. There is an increasing trend for financial institutions to become QIs while at the same time, the rules of the QI program become more complex and onerous. Equally, most NQIs have little idea that they are subject to these extra-territorial regulations. The US FATCA anti-tax evasion framework has also evolved through the development of intergovernmental agreements. These are complex and bilaterally jurisdiction specific as well as of multiple types. Most firms are struggling to understand the concepts and how FATCA rules overlap and are affected by QI rules. The original book on this subject by the author continues to be the only book able to explain these regulations in ways that allow financial institutions to understand their compliance obligations and take practical steps to meet them, by hearing about best practice. This second edition builds on the basic framework of the QI and FATCA frameworks by updating the text to encompass the changes that have occurred since the book?s original publication. This edition will also delete material that has become obsolete or was proposed by the IRS originally but never implemented. 410 0$aGlobal Financial Markets 606 $aFinanzintermediäre$2gnd 606 $aKreditinstitut$2gnd 606 $aQuellensteuer$2gnd 607 $aUSA$2gnd 615 7$aFinanzintermediäre 615 7$aKreditinstitut 615 7$aQuellensteuer 676 $a336.24/2 676 $a343.73052424 676 $a343.73052424 700 $aMcGill$b Ross$4aut$4http://id.loc.gov/vocabulary/relators/aut$0999979 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910349529603321 996 $aUS Withholding Tax$92295490 997 $aUNINA