Guidance Outlining Phased Implementation of FATCA Beginning in 2013

Guidance Outlining Phased Implementation of FATCA Beginning in 2013

The Foreign Account Tax Compliance Act ("FATCA") was enacted in 2010 as part of the Hiring Incentives to Restore Employment ("HIRE Act"). FATCA targets non-compliant U.S. taxpayers with foreign accounts. It also requires foreign financial institutions ("FFIs") to...

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