Tags » Foreign Account Tax Compliance Act

US Prepares To Enforce 45 FATCA Pacts

The United States Department of the Treasury and the Internal Revenue Service (IRS) have announced that foreign jurisdictions that have reached agreement on the terms of intergovernmental agreements (IGAs) under the Foreign Account Tax Compliance Act (FATCA) can be treated as having such agreements in effect until the end of 2014. 171 more words

US

Get the FATCA Outta Here? Not Likely. - Foreign Account Tax Compliance Act

Despite several delays, it seems almost certain that the “Foreign Account Tax Compliance Act”1 (FATCA) will finally go into effect on July 1, 2014. 1,621 more words

Administrative & Regulatory

Hong Kong and USA working for FATCA IGA

On March 25, Hong Kong and the United States signed a tax information exchange agreement (TIEA), which will provide the necessary basis for Hong Kong to enter into an intergovernmental agreement (IGA) to adhere to the United States’ Foreign Account Tax Compliance Act (FATCA). 135 more words

Exchange Of Information

South Korea and US Agree on Text Of FATCA Agreement

The South Korean Ministry of Strategy and Finance has announced that South Korea and the United States have agreed to the regular exchange of tax information, from next year, to implement the Foreign Account Tax Compliance Act (FATCA). 127 more words

Tax

FATCA is Indigestible for the IRS

According to Bloomberg News, “IRS TO MAKE LIMITED USE OF OFFSHORE BANK DATA FROM FATCA.”

“The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. 316 more words

Foreign Account Tax Compliance Act

Complex supply chains put businesses at risk

The last few decades have seen a huge growth in the complexity and geographical spread of supply chains. Yet, as consumer awareness of supply issues increases so does the risk posed to businesses and investors. 675 more words

Economics

Israel Moving "Forward" - Will Exchange Bank Account Date With IRS

Tax Authority head Moshe Asher says a decision is being made to exchange bank account data between Israel and the US. This is already old and cold information garnered from an email we received from Shmuel Fedder’s Financial Resource Network here in Israel. 588 more words

Foreign Account Tax Compliance Act