long-awaited final fatca regulations released
The US Treasury and Internal Revenue Service last night issued the final regulations detailing how the Foreign Account Tax Compliance Act is to be implemented, ending weeks of speculation.
Foreign Account Tax Compliance Act
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fatca launch dates delayed
America's tax authorities have delayed the starting dates of key parts of Fatca for non-US financial institutions in countries not covered by an intergovernmental agreement with the US. Crucially, this does not include the UK.
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fatca backtrack unlikely
As FATCA-watchers around the world keep checking their smartphones for final guidance on the incoming US legislation, some experts are doubtful the US Treasury will stick to its recently-stated vow to try and make things easier for foreign financial institutions.