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  • © 2013

US Withholding Tax

Practical Implications of QI and FATCA

Palgrave Macmillan

Authors:

Part of the book series: Global Financial Markets (GFM)

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Table of contents (17 chapters)

  1. Front Matter

    Pages i-xiii
  2. The QI Regulations

    1. Front Matter

      Pages 1-7
    2. Principles of Code Chapter 3

      • Ross K. McGill
      Pages 9-24
    3. Contracts — The QI Agreement

      • Ross K. McGill
      Pages 25-32
    4. Documentation

      • Ross K. McGill
      Pages 33-55
    5. Withholding and Depositing Tax

      • Ross K. McGill
      Pages 56-64
    6. Information Reporting and Tax Returns

      • Ross K. McGill
      Pages 65-76
    7. Control and Oversight

      • Ross K. McGill
      Pages 77-82
    8. Penalties

      • Ross K. McGill
      Pages 83-88
    9. Issues for Non-Qualified Intermediaries

      • Ross K. McGill
      Pages 89-102
  3. FATCA

    1. Front Matter

      Pages 103-105
    2. Moral Outrage and Righteous Indignation

      • Ross K. McGill
      Pages 107-113
    3. Principles of FATCA

      • Ross K. McGill
      Pages 114-125
    4. Simplifying FATCA

      • Ross K. McGill
      Pages 126-141
    5. Identification and Documentation

      • Ross K. McGill
      Pages 142-151
    6. Reporting

      • Ross K. McGill
      Pages 152-162
    7. FATCA Withholding

      • Ross K. McGill
      Pages 163-172
    8. Technology and Risk in FATCA

      • Ross K. McGill
      Pages 173-187
  4. Related Global Tax Initiatives

    1. Front Matter

      Pages 189-196
    2. OECD TRACE IP

      • Ross K. McGill
      Pages 197-206

About this book

The US is the world's largest capital market. Its withholding tax system is also the most complex. This book is essential reading for investors and intermediaries trying to comply with US QI and FATCA tax regulations. It guides the reader through these complex regulations with simple and practical insights into how to meet these compliance burdens.

Reviews

'From the G8 meeting on the shores of Lough Erne to the G20 summit in the palaces of St Petersburg, tax is now up there on the agenda with economic recovery, financial stability and geo-political strife. The lines between tax probity, tax avoidance and tax evasion are becoming blurred through political and economic necessities faced by governments and financial services firms are both a target and a conduit for regulators. The risks to financial services firms and their clients are sizeable. Ross McGill's latest book is a timely and important addition to the armoury that investment professionals need to understand and address the deluge of increasingly intrusive regulation facing their clients.'

- George Littlejohn MA FCA MCSI, Senior Adviser, Chartered Institute for Securities & Investment

'This is a must read book for people in financial services that will sit proudly on any bookshelf. The writing skill of the author makes a complex topic easy to understand.'

- Gary Wright, Founder and Managing Director of B.I.S.S. Research Ltd

About the author

ROSS MCGILL is a well-known industry subject matter expert on US withholding tax and regulatory compliance. He sits on many industry bodies, international committees and associations and has worked with many of the world's largest financial institutions to support their operational compliance.

Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access