No matter how hard financial services firms try, they cannot avoid the reach of the Foreign Account Tax Compliance Act (FATCA), a law meant to curtail offshore tax evasion. In this 15-page, in-depth report, FTF News explores the complexities of meeting the FATCA deadlines and the demands of the IRS even as the government provides… Read More >>
FATCA Easing and Good Faith Efforts
Sighs were heard across Wall Street last week after the IRS announced some “FATCA easing,” of the many enforcement and administration requirements of the Foreign Account Tax Compliance Act. However, the fine print may cause those sighing to wish for more relief. To recap, the IRS announcement, “Further Guidance on the Implementation of FATCA and… Read More >>
