9 thoughts on “Last Day to make a FATCA submission to the Australian Govt”
I wonder why I never see such participative initiative from the Eu countries of my new home.
@Mark Twain
The UK has this at least – I once submitted two responses to the Department for Transport when I was working there a few years back. On the whole though I definitely agree as I can’t recall a similar process in any other EU country that I have lived in. Very jealous of all the referendums that the Swiss get to vote on!
One of the Kings of the FCC , DeLoitte is out with “Good News” for Australian financial institutions…
Two recent developments for implementation of the Foreign Account Tax Compliance Act provide Australian financial institutions with more time and ease to meet their requirements for compliance
They then spend a few pages explaining to them all the wonderful advantages of the IGA.
and those poor Aussies. They keep writing, as if they think Treasury really cares about their opinions of FATCA. They just want things clarified, at bit, so they can be compliant little Financial Services.
The Financial Services Council (Australia), Securities Investment Trust & Consulting Association (Taiwan), and the Hong Kong Investment Funds Association have submitted a joint comment letter with respect to the proposed regulations issued under Chapter 4 (FATCA).
Below is the link to my submission to the Australian Treasury consultation process. I’m publishing this for the first time today due to the Australian Treasury not having published all the consultation submissions (as I think they should have by now).
I’m publishing it in case there is some useful content/arguments that can be recycled into the Canadian submissions you guys are considering. I remember the difficulty in trying to figure out the core arguments to put forward, and the even greater difficulty in articulating the arguments with all the the inherent nuance and complexity of the issues. I wish you all well in taking the fight to the Canadian govt.
Thanks, Just Me, for hightlighting Moby’s submission to the Australian Treasury for that consulation process. It was brilliant — I absolutely used it in my submission to the Canadian government.
@Bubblebustin…
I also posted that on my drudgery thread. Quite a difference between it and the U.S., eh?
@Just Me
I was hoping you’d find a better spot 😉 thanks
I think that Australia and Canada’s revenue agencies may have a better idea of who they are working for than the IRS does, although that stops short when applied to USPersons living in Australia and Canada, apparently.
I wonder why I never see such participative initiative from the Eu countries of my new home.
@Mark Twain
The UK has this at least – I once submitted two responses to the Department for Transport when I was working there a few years back. On the whole though I definitely agree as I can’t recall a similar process in any other EU country that I have lived in. Very jealous of all the referendums that the Swiss get to vote on!
One of the Kings of the FCC , DeLoitte is out with “Good News” for Australian financial institutions…
Positive developments for FATCA compliance
They then spend a few pages explaining to them all the wonderful advantages of the IGA.
and those poor Aussies. They keep writing, as if they think Treasury really cares about their opinions of FATCA. They just want things clarified, at bit, so they can be compliant little Financial Services.
The Financial Services Council (Australia), Securities Investment Trust & Consulting Association (Taiwan), and the Hong Kong Investment Funds Association have submitted a joint comment letter with respect to the proposed regulations issued under Chapter 4 (FATCA).
referencing this submission by MobyNovember 9, 2012 at 9:46 pm
Below is the link to my submission to the Australian Treasury consultation process. I’m publishing this for the first time today due to the Australian Treasury not having published all the consultation submissions (as I think they should have by now).
I’m publishing it in case there is some useful content/arguments that can be recycled into the Canadian submissions you guys are considering. I remember the difficulty in trying to figure out the core arguments to put forward, and the even greater difficulty in articulating the arguments with all the the inherent nuance and complexity of the issues. I wish you all well in taking the fight to the Canadian govt.
http://bit.ly/XqZLOM
Thanks, Just Me, for hightlighting Moby’s submission to the Australian Treasury for that consulation process. It was brilliant — I absolutely used it in my submission to the Canadian government.
Offshore tax amnesty – Australian style:
http://taxconnections.com/taxblog/australian-tax-office-announces-terms-of-foreshadowed-offshore-income-amnesty/#.UzWhgye9KSM
@Bubblebustin…
I also posted that on my drudgery thread. Quite a difference between it and the U.S., eh?
@Just Me
I was hoping you’d find a better spot 😉 thanks
I think that Australia and Canada’s revenue agencies may have a better idea of who they are working for than the IRS does, although that stops short when applied to USPersons living in Australia and Canada, apparently.