The Treasury Department said Friday that due to overwhelming interest from countries around the world, it will extend by six months the start of the withholding and account due diligence requirements ...

Foreign Account Tax Compliance Act (FATCA) withholding and account due diligence requirements are being extended six months, to July 1 from February 1. The delay is being instituted to allow U.S.

Recent efforts of the U.S. government to recapture tax dollars hidden in offshore investment accounts have captured the full attention of leading banks and investment firms overseas.U.S. investment ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

In February 2012, the Internal Revenue Service proposed regulations regarding the implementation of the Foreign Account Tax Compliance Act (FATCA), a statute that was included in the Hiring Incentives ...

Americans may be too fat, but it's foreign financial institutions (FFIs) that are hoping to shed pounds of IRS disclosure and tax withholding problems. Why are FFIs FATCA haters? See Stripping FATCA ...