DMS Offshore Investment Services is expanding its International Tax Compliance Group with the addition of Roman Ipfling (pictured), former US Tax Manager at KPMG in the Cayman Islands.
Ipfling is Global Co-Lead of the DMS ITC Group responsible for management operations, systems and reporting. Peter Stafford, attorney-at-law, remains Global Co-Lead of the Group.
The DMS ITC Group is a dedicated, specialist team of attorneys, accountants and compliance experts devoted to serving more than 600 private investment structures in complying with their obligations under the US Foreign Account Tax Compliance Act (FATCA) and other international tax information initiatives.
The ITC Group began as DMS FATCA Task Force during 2010 when FATCA was enacted, and was tasked with engaging in comprehensive research and formulating ideas and technology solutions to address FATCA's implications for non- U.S./foreign financial institutions.
With the implementation of FATCA and with the rapid development of other international tax information compliance initiatives, DMS ITC Group has developed best practices and leading-edge technology to deliver a comprehensive range of practical and efficient solutions to comply with global tax information regulations, including U.K. FATCA, Cayman's IGAs with both the US and UK, and the OECD's Common Reporting Standard (Global FATCA).
"Roman's addition to DMS ITC Group will strengthen what is already the largest, most experienced international tax information services team in the industry and we are very pleased that he has chosen to join the firm," says DMS Chief Executive Officer Anne Storie. "With Roman's FATCA expertise, tax credentials and proven leadership in the global financial sector, we expect the DMS ITC Group will continue to develop even more groundbreaking tax information compliance solutions, as new regulations come on stream. We will continue to offer Cayman Islands investment funds balanced insight, practical advice and the full range of services to comply with all relevant laws and reporting standards.”
