Regtech: The Newest Stage of Risk Management Technology
The regtech journey requires careful evaluation of perhaps hundreds of startups.
Browsing: FATCA
IRS Issues Proposed Regulations on FATCA, Other Reporting Obligations
The Internal Revenue Service issued a proposal intended to reduce the regulatory burden with respect to the Foreign Account Tax Compliance Act and other reporting requirements.
IRS Confirms Delay in Reporting Requirements for FTINs
The IRS yesterday formalized previously announced plans to allow withholding agents more time to meet requirements of obtaining foreign taxpayer identification numbers — or a reasonable explanation for not having one — and dates of birth on required documentation for foreign customers.
BAFT Publishes Guidance on FATCA Compliance
BAFT — ABA’s global transaction banking subsidiary — today released guidance on the Foreign Account Tax Compliance Act to help practitioners comply with FATCA’s complexities and determine whether and how it applies to various trade product fee types.
U.S. Begins Foreign Tax Information Exchanges Under FATCA
The IRS today announced that it has begun exchanging financial account information with foreign tax authorities as part of its implementation of the Foreign Account Tax Compliance Act.