Category: FATCA

“Last” FATCA Rules Regulations Released

February 24, 2014By

The Foreign Account Tax Compliance Act (FATCA) was enacted by Congress in 2010 as a way to target non-compliance by U.S. taxpayers using foreign accounts. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently announced final amendments to FATCA, which goes into effect in July 2014.

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Bilateral Agreement between the US and Switzerland to Implement FATCA

February 19, 2013By

Switzerland and the U.S. Department of the Treasury have signed a bilateral agreement to share tax information and facilitate the implementation of the Foreign Account Tax Compliance Act (FATCA). Included as part of the HIRE Act of 2010, FATCA seeks to prevent U.S. taxpayers from evading taxes through offshore accounts.

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