The Internal Revenue Service and the Treasury Department recently released an eagerly anticipated set of proposed regulations for implementing the Foreign Account Tax Compliance Act.
The law, known as FATCA, requires foreign financial institutions to report to the U.S. government on the holdings of U.S. taxpayers. It has generated consternation abroad since it was enacted in 2010.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access