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German Federal Tax Court: distributions from U.S. trusts are subject to German gift tax

  • McDermott Will & Emery
  • -
  • Germany
  • -
  • April 9 2013

The German Federal Tax Court clarified that distributions from foreign trusts to beneficiaries resident in Germany are subject to German gift

HIRE Act: FATCA provisions affect rules governing foreign trusts and reporting requirements

  • McDermott Will & Emery
  • -
  • USA
  • -
  • April 19 2010

On March 18, 2010, President Obama signed into law H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE

The Foreign Account Tax Compliance Act of 2009 (Rangel-Baucus Bill)

  • McDermott Will & Emery
  • -
  • USA
  • -
  • January 20 2010

Since 2007, numerous attempts have been made at passing targeted tax haven legislation

Final FBAR regulations clarify filing obligations

  • McDermott Will & Emery
  • -
  • USA
  • -
  • May 26 2011

The final FBAR regulations, effective on March 28, 2011, help to clarify the filing obligations of limited liability companies, trust beneficiaries and those holding signatory authority over foreign financial accounts

Initial guidance on the US Foreign Account Tax Compliance Act

  • McDermott Will & Emery
  • -
  • USA
  • -
  • November 22 2010

The Hiring Incentives to Restore Employment (HIRE) Act of 2010, which became US law on 18 March, largely incorporates the legislation previously circulated as the Foreign Account Tax Compliance Act (the FATCA provisions