Treasury Issues Proposed FATCA Regulations

King & Spalding
Contact

On February 8, 2012, the U.S. Treasury and the Internal Revenue Service (the IRS) issued proposed regulations on the implementation of the withholding and due diligence provisions of the Foreign Account Tax Compliance Act (FATCA). FATCA was enacted on March 18, 2010 as part of the Hiring Incentives to Restore Employment Act (the Hire Act). For more information on FATCA, please see our previous client alerts on FATCA, which are available here and here. The proposed regulations were accompanied by a joint statement from the governments of France, Germany, Italy, Spain, the United Kingdom and the United States regarding their intention to develop a governmental solution to FATCA compliance (the Joint Statement).

The proposed rulemaking is 389 pages long. An electronic version is available on the IRS website here. An electronic version of the Joint Statement is available on the Treasury website...

and links.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© King & Spalding | Attorney Advertising

Written by:

King & Spalding
Contact
more
less

King & Spalding on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide