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Washington Reports

The Washington Report provides a weekly update of the legislative and regulatory developments in the financial services industry.
Modified date: 7/9/2014
Publication series
 

Australia – Legislation Enacted with New Levy Impacting Tax Liabilities

Australia’s so-called “temporary budget repair levy” of 2 percent, raising the tax burden for certain individuals, has been enacted. On June 25, 2014, the package of 15 Temporary Budget Repair Levy bills received Royal Assent.
Modified date: 7/3/2014
Publication series
 

South Africa – New Regulations in Force Bringing Change to Immigration Regime

South African Immigration Regulations were finally published in a 272-page Government Gazette on 26 May 2014. The Regulations are expected to have a considerable impact on the handling and processing of South African inbound
Modified date: 7/2/2014
Publication series
 

United States – Revised ITIN Policy Eases Burden on Taxpayers

On June 30, 2014, the U.S. Internal Revenue Service (IRS) announced that Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. Prior to this policy change, ITINs
Modified date: 7/2/2014
Publication series
 

United States – Revised Procedures for Late Reporting of Foreign Accounts

The U.S. Internal Revenue Service (IRS) has announced changes that will expand the streamlined procedures regarding the reporting of foreign financial accounts.
Modified date: 7/1/2014
Publication series
 

KPMG Completes Rothstein Kass Transaction, Propelling The Firm’s Leadership In The U.S. Hedge Fund Market

KPMG has completed its acquisition of certain assets of Rothstein Kass and the admission of most of the former Rothstein Kass principals and employees.
Modified date: 7/1/2014
Press release
 

KPMG Corporate Finance LLC Acquires Investment Bank St. Charles Capital

KPMG's owned subsidiary, KPMG Corporate Finance LLC has acquired substantially all of the assets of St. Charles Capital, a boutique investment bank that provides M&A and capital advisory services for mid-market companies nationwide.
Modified date: 6/26/2014
Press release
 

Cincinnati, Cleveland, Atlanta Score High Marks As Most Tax-Friendly Large Cities For Business: KPMG Report

Cincinnati, Cleveland, Atlanta, Baltimore and Pittsburgh offer the most favorable tax structures for businesses among U.S. cities/locations with populations exceeding 2 million, according to a study released today by KPMG International.
Modified date: 6/24/2014
Press release
 

University Of Maryland Wins 2014 KPMG/NABA Case Study Competition Held At Annual National Association Of Black Accountants, Inc. Convention & Expo

The University of Maryland won the 2014 KPMG/NABA Case Study Competition.
Modified date: 6/24/2014
Press release
 

More Energy Execs Believe U.S. Can Achieve Energy Independence Within 15 Years: KPMG Survey

Execs focused on accelerated growth strategies, transforming business models; Cite energy costs, regulatory landscape, cyber-threats as significant challenges.
Modified date: 6/24/2014
Press release
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