G.A.T.C.A.

A Practical Guide to Global Anti-Tax Evasion Frameworks

Ross K. McGill, Christopher A. Haye, Stuart Lipo

• Publisher: Palgrave Macmillan
• Year: 2017
• Print ISBN: 9783319617824
• eBook ISBN: 9783319617831
• Topic: Business
• Subtopic: Corporate Finance
• Index: Business

This book is a practical guide to global anti-tax evasion frameworks. Coverage includes base erosion and profit shifting (BEPS), the Common Reporting Standard (CRS), and the Automatic Exchange of Information (AEoI). It covers the practical operational issues these frameworks present and offers insight into practical compliance options and operational methodologies to reduce costs and risks. The book concludes with insights into how institutions can translate these complex obligations into effective client communications.

Table of contents

• Foreword
• Preface
• Acknowledgements
• Contents
• Abbreviations and Acronyms
• List of Figures
• Part I Background and Principles
• 1 Introduction
• 2 Moral Outrage and Righteous Indignation
• 3 Background and Principles
• Part II US Foreign Account Tax Compliance Act (FATCA)
• 4 Introduction to FATCA
• 5 Principles of FATCA
• 6 Identification and Documentation
• 7 Simplifying FATCA
• 8 FATCA Withholding
• 9 Reporting
• Part III OECD Automatic Exchange of Information (AEoI)
• 10 Introduction to AEoI & CRS
• 11 Principles of AEoI-CRS
• 12 The Common Reporting Standard
• 13 Automatic Exchange of Information
• 14 Operational Issues of AEoI
• Part IV OECD Base Erosion and Profit Shifting
• 15 Introduction to BEPS
• 16 BEPS Actions Part I
• 17 BEPS Actions Part II
• 18 Impacts of BEPS
• Part V The Global Overview
• 19 Introduction
• 20 Cyber Risk
• 21 Challenges of GATCA
• 22 Conclusions
• Appendix A: List of Abbreviations and Acronyms
• Appendix B: US Model 1 Reciprocal IGA Template
• Index