Tax
Lenders save £200 million as UK bank levy shrinks
Aggregate levy brings in £206 million less year-on-year across five largest banks
Facing down complexity – Creating a global framework for compliance
TMF Group discusses how in‑house general counsels can help Asia-Pacific‑based organisations navigate an increasingly complex regulatory landscape by creating a global subsidiary compliance strategy that also addresses regional needs
Goldman shakes off tax reform capital effects
Stronger regulatory ratios support capital distributions
Foreign banks in US dismayed by Trump tax on internal TLAC
Coupons on IHC debt issued to foreign parents will face 10% base erosion tax under new rules
Trump tax reform sours US banks’ CCAR outlook
Tax changes hit bank capital ratios; Goldman, AmEx could fail Fed’s annual tests
Efficient trading in taxable portfolios
This paper determines life-cycle trading strategies for portfolios subject to the US tax system.
Fed weighing VM capital cut for cleared swaps
Powell implies support for practice that saved UBS $300m in capital
BAML and Morgan Stanley shift Indian P-notes to Europe
Tax changes trigger move out of Mauritius and Singapore
Bank prop indexes threatened by US tax changes
IRS’s Section 871(m) rule places burdensome requirements on non-qualified indexes sold to non-US persons
New US tax rules could hamper ETN market, dealers warn
IRS’s forthcoming Section 871(m) rules could inadvertently capture legacy ETNs
Mac swaps, swap futures face new tax threat
Isda urges US tax officials to postpone rule treating certain payments as loans
Dealers trash Section 871(m) reforms
Controversial tax reforms would foist “unworkable” compliance burdens on firms
US tax rules attacked by equity derivatives dealers
Testing criteria for equity-linked products branded a “joke”
Dealers vent frustration at Section 871(m) hold-up
US dividend-equivalent tax change will hit high-delta products with withholding tax
Fatca/CRS – Customer tax compliance for financial institutions
Sponsored interview: Software Daten Service (SDS)
Funds to consolidate jurisdictions after OECD tax initiative
Beps project means managers to choose key locations for activities
Looming global rules raise pressure to improve tax reporting
Financial firms struggle with Fatca even as far wider CRS is imminent
Tax changes and court judgements take shine off LLPs
Hedge funds alert to new risks of limited liability partnerships
Labour tax threat to ‘kill markets in UK equities’
Hedge funds in Miliband's sights, but full scope of tax measure unclear
Fatca compliance slowing down after 'ambiguous' IRS notice
Three months after IRS notice, Fatca compliance programmes slackening
Fatca compliance at risk via third parties, expert warns
Questions on compliance within third parties need to be more focused
Fatca legislation pierces corporate veil, says DMS
Strict liability for governance exposes compliance risk
Fatca withholders to struggle without crucial instructions
Days to go until Fatca deadline and instructions still not published
IRS eyes US equity-linked notes in offshore crackdown
Substantial tax on “dividend equivalents” though questions remain