News

Taxpayers Who Haven’t Reported Overseas Bank Accounts: It’s Time to Reconsider

President-elect Trump and his administration are taking office in a month and with every new presidential administration, there is always a degree of uncertainty related to upcoming changes to tax laws. And the amnesty programs offered to U.S. taxpayers with foreign bank accounts are no exception.

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The Compliance Horizon: A Report from Risk Advisory Group

What is on the compliance horizon for 2017?

BABA Member, The Risk Advisory Group surveyed over 150 compliance professionals to pinpoint the key issues facing the compliance industry in 2017.  In the Compliance Horizon report, The Risk Advisory Group examines how issues ranging from uncertainty surrounding geopolitical events to the need for increased efficiency are affecting today’s compliance teams.

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IMF rows back on Brexit warnings as UK poised to become fastest growing G7 economy

The UK will be the fastest growing major economy this year, according to the International Monetary Fund, as it rowed back on predictions that a vote to leave the European Union could plunge the country into recession and trigger a stock market crash.

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Brexit court ruling appeal date set for 5 December

The government's appeal against the High Court ruling that MPs must vote on triggering Brexit will be heard in the Supreme Court from 5 December.

It will last four days, with the decision expected in the new year.

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Brexit - Notice to the Membership

On a historic night, June 23rd 2016, the people of the United Kingdom voted to leave the European Union.

This will open a phase of uncertainty and adjustments, as trans-Atlantic businesses may be concerned as to how the vote will impact their activities in the UK and the US. However the Prime Minister and the Governor of the Bank of England have today stated that, with the UK’s strong economy, 'there will be no initial change in the way our people can travel, in the way our goods can move, or the way our services can be sold'.

A full set of remarks issued today by Prime Minister David Cameron and Bank of England Governor Mark Carney, have been sent on to us by the British Embassy in DC and are included below.

The strength of the UK-US economic relations over the long term and many aspects of the UK's attractiveness for foreign investors prove that the UK provides a business-friendly environment that strongly and successfully serves businesses, investors and people carrying out trans-Atlantic business.

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