...Neil Macleod; Robert Gaut Purpose The purpose of this paper is to explain the background, scope, applications, criticisms, and UK legal challenge of the European Union's Financial Transaction Tax (FTT). Design/methodology/approach The paper explains the “enhanced cooperation” from the 11...

...Roger S. Wise; Mary Burke Baker Purpose The purpose of this paper is to explain the proposed Foreign Account Tax Compliance Act (FATCA) regulations released on February 8, 2012 by the US Treasury Department and the Internal Revenue Service (IRS). Design/methodology/approach The paper provides...

... that their legal counsel and compliance personnel should engage in prior to launching and selling offshore funds to international investors. Findings The paper reveals that strong tax considerations appear to be a major reason why US funds have not been successful offshore, effective offshore options have...

...Roger D. Lorence Purpose The purpose of this paper is to update investors who have incurred losses from fraudulent enterprises since the publication of Lorence's “Tax consequences for investors in hedge fund frauds”. The critical development is that taxpayers who filed in reliance on the so‐called...

...Roger D. Lorence Purpose The purpose of this paper is to highlight the continuing diligence required of the tax compliance function of any investment vehicle that holds commodities contracts. In addition to monitoring Congressional developments that are likely to pick up where 2010's Dodd‐Frank...

...Roger D. Lorence; Steven M. Etkind Purpose The purpose of this paper is to highlight the quandary that a taxpayer may be in when choosing between disclosing a tax return position that may be contrary to Internal Revenue Service (IRS) authorities and potentially subjecting the taxpayer...

...Roger D. Lorence Purpose The purpose of this paper is to consider the appropriate Internal Revenue Service (IRS) tax filings for individual and fund‐of‐fund (FOF) investors who have incurred losses from hedge fund fraud. Design/methodology/approach The paper describes the types of losses...

...Roger D. Lorence Purpose The purpose of this paper is to explain some tax management complications for onshore and offshore hedge funds posed by US FIN 48, Uncertain Tax Positions, and to emphasize the hedge fund manager's responsibility for careful tax planning and compliance. Design...