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Dp Puts Fatca Back On The Agenda

St. Maarten News – It is not the first time that the faction of the Democratic Party wants to discuss the Fatca – the American Foreign Account Tax Compliance Act – and its consequences for local businesses and banks (see related story on page 3). In February 2013, there was a similar request by then MPs Roy Marlin and Leroy de Weever Read more

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Dp Wants Meeting About Us Tax Compliance Act

St. Maarten News: The Democratic Party faction in parliament has requested the Finance Committee of Parliament to examine and discuss the execution of the FATCA by the local banks on St. Maarten.

To this end, the DP has proposed that the Bankers Association be invited to apprise parliament of their experiences with this Foreign Account Tax Compliance Act (FATCA), which is a United States law that introduces a “reporting regime for financial institutions with respect to certain accounts”.

Under this law, Foreign Financial Institutions (FFIs), such as banks are required to report about certain foreign financial accounts and offshore assets of US taxpayers. 

Another way to ensure compliance with the FATCA in foreign jurisdictions, has been with the so-called Intergovernmental Agreements.

“If a jurisdiction enters into an Intergovernmental Agreement (IGA) to implement FATCA, the reporting and other compliance burdens on the financial institutions in the jurisdiction may be simplified Read more

“Moment Of Immense Pride” Dp Says About Keacy Carty

St. Maarten News – “It was an immense moment of pride for all who came out to welcome our young sports hero Keacy Carty back home on Wednesday evening. The story of his performance during the finals of the  U19 World Cup Cricket cannot be retold often enough,” the Democratic Party said in a press release. 

The party joined the rest of St. Maarten in congratulating Keacy and his parents, Keith and Angela.

“Keacy’s accomplishment is the coronation of years of hard work, put in by the young athlete himself and all those persons who nurtured and continue to nurture the sport of cricket on St Read more

Dp Requests Meeting Of Parliamentary Finance Committee To Discuss Execution Of Fatca

PHILIPSBURG, Sint Maarten –-The Democratic Party (DP) faction has requested the Finance Committee of Parliament to examine and discuss execution of the Foreign Account Tax Compliance Act (FATCA) by local banks in St. Maarten.

DP has proposed that the Bankers Association be invited to apprise Parliament of their experiences with this FATCA, which is a United States law that introduces a “reporting regime for financial institutions with respect to certain accounts.” Under this law, Foreign Financial Institutions (FFIs), such as banks, are required to report about certain foreign financial accounts and offshore assets of US taxpayers.

Another way to ensure compliance with the FATCA in foreign jurisdictions, has been with the so-called Intergovernmental Agreements.

“If a jurisdiction enters into an Intergovernmental Agreement (IGA) to implement FATCA, the reporting and other compliance burdens on the financial institutions in the jurisdiction may be simplified Read more

Telegraaf “Uncovers” Hachchi On Front Page

THE HAGUE--The Dutch Telegraaf newspaper blasted resigned Member of the Second Chamber of the Dutch Parliament Wassila Hachchi of the Democratic Party D66 on its front page Thursday morning with the headlines “Hachchi uncovered” and “Distributing flyers for 6.800 Euros.”       

  The newspaper article starts off with: “The career of Wassila Hachchi in the Hillary Clinton team doesn’t go further than distributing flyers on a voluntary basis Read more

Sarah Calls On Gebe Board To Make Positions Available

PHILIPSBURG--The relationship between the supervisory board of utilities company GEBE and (past and present) Government is enough for reason for the board “to make positions available” to Government, said Democratic Party (DP) leader, Parliament Chairwoman Sarah Wescot-Williams on Thursday Read more

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