FATCA Introduced 1st July 2014

Sandy King
Uncategorized

The controversial US Foreign Account Tax Compliance Act (FATCA) was introduced around the world on the 1st July 2014. As part of the Act’s “withholding stage”, all foreign financial institutions (FFIs) will now have to disclose all US related information about new and existing clients to the US Internal Revenue Service (IRS). In the event that… continue reading »