Saturday 30 July 2016
 
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US tax

US expats warned on new tax law

It is possible that American expatriates living in the Gulf could have their passports revoked next month if they fail to comply with their tax and financial obligations under the Foreign Account Tax Compliance Act (FATCA), an expert has warned.

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3 more Swiss banks join US tax deal

Three more Swiss banks - Bank Coop, Migros Bank, and Linth Bank - said they would work with US officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the coun

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US tax law 'may hit Bahrain firms'

The US Foreign Account Tax Compliance Act (Facta) will affect almost all financial institutions and other entities in Bahrain with exposure to US taxpayers and transactions, according to KPMG. The Facta legislation and its impact on the en

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