Tags » Foreign Account Tax Compliance Act

Bringing Black Money to Light: India's New Undisclosed Foreign Income and Assets Bill

Earlier this year, India’s Parliament passed a new bill aimed at unearthing “black money,” unreported and often illicit funds stored abroad as a means of tax avoidance. 1,552 more words


The Origins of FATCA

William Byrnes has authored more than 30 books addressing matters of taxes and finances that have moved over 100,000 combined copies. Williams Byrnes wrote his most recent book, the LexisNexis Guide to FATCA Compliance, which has become the financial industry’s desk reference handbook for addressing automatic exchange of information. 196 more words

William Byrnes

Is FATCA Legal?

There are movements afoot to question the legality of FATCA, enacted into law as part of the HIRE Act of 2010. I was asked how the United States could withhold money earned by and rightfully belonging to a foreign entity? 221 more words

Foreign Account Tax Compliance Act


By now you must know what FATCA is, having been enacted into law on the coattails of the HIRE (Hiring Incentives to Restore Employment Act) passed by the US Congress in 2010. 322 more words

Foreign Account Tax Compliance Act

Sen. Rand Paul Again Targets Tax on Americans Living Abroad

Sen. Rand Paul has re-introduced a bill that would repeal key provisions of the Foreign Account Tax Compliance Act which has upset many of the more than 7 million Americans living abroad. 310 more words

In The News

IRS Opens FATCA International Data Exchange Gateway

This was reported today by Michael Cohn in Accounting Today published on the world wide web. The international highway is open and you are one of its first customers. 1,044 more words

Foreign Account Tax Compliance Act