Suchergebnisse

Fecha de lectura de Tesis Doctoral: 19 mayo 2020 ; Actualmente el fraude fiscal es un fenómeno propio de las sociedades desarrolladas occidentales, constituyendo un problema de magnitudes notables. Para combatir el fraude fiscal internacional (en su vertiente de elusión fiscal) consideramos decisiva la cooperación internacional multilateral. Esa cooperación se articula a través de la firma de tratados y otros instrumentos jurídicos, si bien en esta tesis pondremos el acento en la cooperación internacional relativa al intercambio automático de datos tributarios. Estimamos que precisamente este intercambio es una de las vanguardias de la cooperación internacional, y que ha servido y está sirviendo, para ensayar nuevos caminos legislativos y de producción normativa entre los Estados. De tal suerte, la OCDE alumbra el Common Reporting Standard (CRS), inspirado en la normativa Foreign Account Tax Compliance Act (FATCA) de Estados Unidos y la UE lo ha adaptado a través de la Directiva 2011/16/UE, modificada por la Directiva 2014/107/UE. Concluimos que un nuevo paradigma irrumpe en la cooperación internacional, afectando notablemente a las relaciones entre los actores del sistema financiero internacional: instituciones financieras y organizaciones internacionales. Esta será la hipótesis central que pretendemos verificar a lo largo de nuestro trabajo.

The closing of Switzerland's oldest bank Wegelin in early 2013 was a symbolic moment for the Swiss banking industry. Add to Wegelin fourteen other Swiss banks under fire by the U.S. Department of Justice for aiding tax evasion, and Swiss banks no longer seem to be shrouded in a cloak of mystery. While Switzerland is still the top destination for offshore wealth, U.S.'s Foreign Account Tax Compliance Act (FATCA) began implementation in 2014. This Comment will argue that FATCA will fundamentally alter Switzerland's status as a safe haven for secret offshore accounts, as Swiss banks promise to automatically provide the U.S. government with account information, and cooperate with other international transparency measures picking up momentum alongside FATCA. This Comment will also analyze FATCA's impact on Switzerland's banking policies regarding the transparency of offshore accounts used for foreign tax evasion and conclude by posing questions about the future of Swiss banking industry.

Foreign Account Tax Compliance Act (FATCA) has become one of the most controversial policies in the United States economic history. Although FATCA aims at increasing the government's revenue, the policy has regrettable economic and social implications that threaten the state's future development. Precisely, the policy has direct and long-term implications on investors and investment processes. Therefore, the research examines the manner in which the government uses the policy to strengthen its operations. The study also explores the impacts of the FATCA on investment, policies, digital investment, the determination of the optimal structure of clients, investment psyche, and roles of mobile devices and the legality of the FATCA. Article visualizations:

Foreign Account Tax Compliance Act (FATCA) has become one of the most controversial policies in the United States economic history. Although FATCA aims at increasing the government's revenue, the policy has regrettable economic and social implications that threaten the state's future development. Precisely, the policy has direct and long-term implications on investors and investment processes. Therefore, the research examines the manner in which the government uses the policy to strengthen its operations. The study also explores the impacts of the FATCA on investment, policies, digital investment, the determination of the optimal structure of clients, investment psyche, and roles of mobile devices and the legality of the FATCA.

AbstractPromoting tax transparency to address international tax evasion is a central issue on the global policy agenda with G8 leaders recently declaring that 'tax authorities across the world should automatically share information to fight the scourge of tax evasion'. This growing commitment to addressing international tax evasion has a long provenance. Recently, the little‐known US Foreign Accounts Tax Compliance Act (FATCA), enacted in 2010, has played a key role in this effort/the international effort. The rapid evolution and diffusion of FATCA has the potential to make significant inroads into international tax evasion and has been lauded by proponents of improved offshore tax compliance. Yet FATCA is based on a 'unilateral' model, imposed by Washington on financial institutions operating in the US, which critics argue undermines its prospects of providing an effective basis for international tax cooperation and governance. This article provides an empirical account of the origins and evolution of FATCA, arguing that while FATCA is likely to increase the capacity of the US government to tax offshore holdings of its citizens, its 'unilateral' origins and design may limit reciprocity within the international tax regime. The article concludes with an assessment of the likely consequences of FATCA in terms of its impact on both international tax evasion and on global governance more broadly.