On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 9 years old. Some offshore account ...

The IRS issued a FATCA News and Information bulletin confirming that the International Data Exchange Service (IDES) is ...

Yesterday I wrote about a December-January survey of Americans living abroad showing that 31 percent of them have been actively thinking about renouncing their citizenship in the wake of the awful ...

This article was published in the March 2014 issue of Middle Market Growth, a publication of the Association of Corporate Growth. It is reprinted here with permission. FATCA is the new form of 30% U.S ...

In past columns, I tracked the progress of the Foreign Account Tax Compliance Act (Fatca) regulation from when US regulators first set out on their effort to collect withholding tax from foreign ...

Complying with the Foreign Account Tax Compliance Act (Fatca) is no easy task and time is running out for foreign financial institutions (FFIs) that may not have started on their compliance programmes ...

WASHINGTON, May 8 (UPI) -- For two years, much of the global financial community has been in an uproar about a pending U.S. law that has barely been noticed in the United States. That may soon change ...

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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 ...

In Mark Crawford, et al., v. U.S. Department of the Treasury, et al., Case No. 16-3539 (Aug. 18, 2017), the U.S. Court of Appeals for the Sixth Circuit affirmed a district court’s decision dismissing ...