State taxes and American expatriates

Should I file a state income if I live abroad? If you are a US citizen or permanent resident living abroad, you not only have to make sure to file a tax return with the IRS each year if you meet the minimum income requirements, you may also have to file a state return. Depending ...

Canadian banks are facing significant compliance costs due to FATCA

It is estimated that the five largest banks in Canada have already spent about C $ 750 million (or US $ 693.5 million). This amount does not include the ongoing costs of compliance -only expenses related to the initial launch for FATCA reporting. The cost of FATCA FATCA took effect on 1 July 2014 and ...

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