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HIRE Act: FATCA Provisions Affect Rules Governing Foreign Trusts and Reporting Requirements

On March 18, 2010, President Obama signed into law H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE). HIRE targets job creation by providing tax incentives, such as business credits to companies for newly hired employees. The offset provisions included to raise revenue for such...

HIRE Act: FATCA Provisions Affect Rules Governing Foreign Trusts and Reporting Requirements

On March 18, 2010, President Obama signed into law H.R. 2847, the Hiring Incentives to Restore Employment Act (HIRE). HIRE targets job creation by providing tax incentives, such as business credits to companies for newly hired employees. The offset provisions included to raise revenue for...