Differences
This shows you the differences between two versions of the page.
Both sides previous revisionPrevious revisionNext revision | Previous revision | ||
acronyms [2017/03/05 20:16] – carl | wiki:acronyms [2017/03/25 11:58] (current) – ↷ Page moved from start:acronyms to wiki:acronyms carl | ||
---|---|---|---|
Line 5: | Line 5: | ||
^Acronym ^Meaning | ^Acronym ^Meaning | ||
|** A** || | |** A** || | ||
- | | Accidental | + | | Accidental |
| AFI | Australia Financial Institutions (often referred to as Foreign Financial Institutions in US FATCA documentation| | | AFI | Australia Financial Institutions (often referred to as Foreign Financial Institutions in US FATCA documentation| | ||
- | | A-REIT | + | | A-REIT |
| ATO |Australia Tax Office, Australian bureaucracy responsible for taxation reporting, collection and compliance | | ATO |Australia Tax Office, Australian bureaucracy responsible for taxation reporting, collection and compliance | ||
+ | |**C** | ||
+ | | CBT |Citizenship Based Taxation – the exceptional US practice of taxing US citizens on their worldwide income regardless of where they live, work, and use government services. | | ||
|**E** | |**E** | ||
- | | ETF | | | + | | ETF | Exchange Traded Fund, a managed fund that is traded on the stock exchange like shares. |
|**F** | |**F** | ||
| FATCA |Foreign Account Tax Compliance Act is a 2010 United States federal law to enforce taxation requirements for United States persons, including those living outside the U.S. | | | FATCA |Foreign Account Tax Compliance Act is a 2010 United States federal law to enforce taxation requirements for United States persons, including those living outside the U.S. | | ||
| FB |Facebook | | FB |Facebook | ||
+ | | FBAR |Foreign Bank Account Report – the colloquial name given to FINCEN (Financial Crimes Enforcement Unit) Report 114. | | ||
| FFI |Foreign Financial Institutions, | | FFI |Foreign Financial Institutions, | ||
| FTT |Let’s Fix the Tax Treaty! Organisation | | FTT |Let’s Fix the Tax Treaty! Organisation | ||
- | | **I** || | + | |**I** |
| IGA |Intergovernmental Agreement; generally the basis for implanting FATCA. | | IGA |Intergovernmental Agreement; generally the basis for implanting FATCA. | ||
| IRS |Internal Revenue Service, US bureaucracy responsible for taxation reporting, collection and compliance | | IRS |Internal Revenue Service, US bureaucracy responsible for taxation reporting, collection and compliance | ||
|**L** | |**L** | ||
- | | LIC | | | + | | LIC |Listed Investment Company - An investment vehicle traded on the Australian Stock Exchange that invests in both listed and unlisted companies. |
|**N** | |**N** | ||
- | | NIIT | | | + | | NIIT |Net Investment Income Tax – a 3.8% tax on unearned income passed as part of the Affordable Care Act (Obamacare). Found in §1411 of the Internal Revenue Code. | |
|**P** | |**P** | ||
| PFIC |Passive Foreign Investment Company | | PFIC |Passive Foreign Investment Company | ||
|**S** | |**S** | ||
- | | | ||
| SMSF |Self-Managed Super Fund | | | SMSF |Self-Managed Super Fund | | ||
+ | | | ||
| SWOT |Strengths / Weaknesses / Threats / Opportunity | | SWOT |Strengths / Weaknesses / Threats / Opportunity | ||
+ | |**T** | ||
+ | | Totalisation Agreement | Social Security Agreement between Australia and the United States of America | | ||
+ | [[http:// | ||