FATCA doesn’t change any substantive tax rights that the United States or in the foreign country has in respect of its citizens or residents, nor does it require us to act as a tax collection agent for the United States… Read more >
The Foreign Account Tax Compliance Act (FATCA) is specific United States (U.S.) legislation that aims to reduce tax evasion by U.S. citizens, U.S. tax residents, and U.S. entities. Under FATCA, U.S. citizens or U.S. tax residents, with specified foreign financial… Read more >
FATCA and What is a Specified US Person[/caption]One of the other main elements of the FATCA due diligence procedures is the concept of ―Specified U.S. Person. These persons are the key target of FATCA. Colloquially, the objective of FATCA is… Read more >