FATCA Update: Treasury Department Extends Due Diligence Deadlines And Announces It Is Engaging With More Than 50 Countries To Crack Down On Offshore Tax Evasion

FATCA Update: Treasury Department Extends Due Diligence Deadlines And Announces It Is Engaging With More Than 50 Countries To Crack Down On Offshore Tax Evasion

In Announcement 2012-42, the U.S. Treasury Department announced that due diligence deadlines under the Foreign Account Tax Compliance Act (FATCA) are being extended in light of voluminous comments received in response to proposed regulations issued in February 2012. This announcement provides...

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