The decision by California Public Employees’ Retirement System (CALPERS) to exit hedge fund investing coupled with the Internal Revenue Service’s (IRS) ruling that now permits managers to charge performance fees cumulatively without falling foul o
Fund managers must build holistic internal infrastructure to deal not just with the US Foreign Account Tax Compliance Act (FATCA) but other global tax reporting rules that will inevitably be implemented in due course, according to KPMG.
Investment managers are still coming to grips with their obligations under the Foreign Account Tax Compliance Act (FATCA) despite the registration deadline for initial Foreign Financial Institutions (FFIs) being just one month away, according to a
The Internal Revenue Service (IRS) has published the draft agreement for foreign financial institutions (FFIs) reporting directly to the IRS and those conveying information through the model two intergovernmental agreement (IGA) as mandated under
Hedge fund managers should not defer work on FATCA compliance in light of the Internal Revenue Service’s (IRS) announcement that it will again delay the rule’s implementation date by six months until July 2014, Ernst & Young (EY) has