US Tax Authorities Announce Plan to Phase in Reporting and Withholding Rules for Foreign Accounts

US Tax Authorities Announce Plan to Phase in Reporting and Withholding Rules for Foreign Accounts

Many foreign financial institutions are affected by the new information reporting and withholding rules enacted as part of the so-called "Foreign Account Tax Compliance Act" ("FATCA") on March 18, 2010. Affected entities have made clear to the US Treasury Department their...

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