FATCA in Effect as of July 1, 2014: A Practical Overview

After four years in the making, including numerous delays, the Foreign Account Tax Compliance Act ("FATCA") officially went into effect on July 1, 2014....

Mandated Corporate Social Responsibility Reporting: Coming Soon to a Country Regulating You

Disclosure of environmental, human rights and social risks is moving from its home between the glossy pages of voluntary reports into the hard-nosed realm of mandatory legal requirements, as evidenced by recent developments in the European Union and India.

IRS Modifies the Offshore Voluntary Disclosure Program and the Streamlined Filing Compliance Procedures

On June 18, 2014, the U.S. Internal Revenue Service (“IRS”) announced changes to the 2012 Offshore Voluntary Disclosure Program (“OVDP”) and the Non-Resident U.S....

Recent Developments in Chinese International Tax Law

Over the past two months, China produced a wave of interesting developments in international taxation. On June 26, just days before the Foreign Account...

Canadian court grants first-ever Canada-US extradition on antitrust charges

In a decision of April 4, 2014 (the “Decision”), the British Columbia Court of Appeal (“BCCA”) granted the extradition of an individual to the...

Report: Shipping ports can become targets of hacking groups

15 July 2014 - US authorities recently released a report which concluded that the US Department of Homeland Security needs to better address port...

US Court of Appeals vacates decision limiting attorney-client privilege in internal investigations

In an anticipated and welcomed decision issued Friday, June 27, the Court of Appeals for the District of Columbia Circuit vacated a District Court...

U.S. SEC Brings First Anti-Retaliation Case Under Whistleblower Protection Rules

18 June 2014 - On Monday, June 16, 2014 the U.S. Securities and Exchange Commission (SEC) brought its first charge under anti-retaliation provisions introduced...

U.S. Eleventh Circuit Appeal Court considers meaning of “Instrumentality” under the FCPA

23 May 1014 - On May 16, 2014 the U.S. Court of Appeals for the Eleventh Circuit handed down its eagerly anticipated decision in...

US Treasury Department signs Tax Compliance Agreement with Gibraltar

On May 8, 2014, the United States Department of the Treasury and the Government of Gibraltar signed an Intergovernmental Agreement (IGA). This agreement will...

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