The IRS issued a FATCA News and Information bulletin confirming that the International Data Exchange Service (IDES) is ...

On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, ...

In past columns, I tracked the progress of the Foreign Account Tax Compliance Act (Fatca) regulation from when US regulators first set out on their effort to collect withholding tax from foreign ...

New laws governing the global Automatic Exchange of Information – currently being implemented as the OECD Common Reporting Standard (OECD CRS) – among major nations will place a greater compliance ...

It’s cute to see movie portrayals of clumsy but good-natured Americans not fitting into some über sophisticated situation. But hearing big banks say thanks but no thanks to opening a checking, savings ...

Complying with the Foreign Account Tax Compliance Act (Fatca) is no easy task and time is running out for foreign financial institutions (FFIs) that may not have started on their compliance programmes ...

Recent efforts of the U.S. government to recapture tax dollars hidden in offshore investment accounts have captured the full attention of leading banks and investment firms overseas.U.S. investment ...

This article was published in the March 2014 issue of Middle Market Growth, a publication of the Association of Corporate Growth. It is reprinted here with permission. FATCA is the new form of 30% U.S ...

Critics fear that Fatca will result in FFIs refusing to offer services to US customers, and in business opportunities being withheld from US investors. In any event, one wonders whether the global ...

The Internal Revenue Service has opened its new online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act. Financial ...

In February 2012, the Internal Revenue Service issued proposed regulations regarding the implementation of the Foreign Account Tax Compliance Act (FATCA), a statute that was included in the Hiring ...