On July 1, 2014, the Foreign Account Tax Compliance Act (FATCA) came into force. The goal: prevent millions of U.S. taxpayers, and the global financial institutions that serve them, from evading U.S.
The online registration system for financial institutions that need to register with the IRS under the Foreign Account Tax Compliance Act (FATCA) is now open. FATCA imposes a 30% withholding tax on ...
A record number of Americans are giving up their U.S. citizenship. The Wall Street Journal reports that 1,130 Americans renounced their citizenship in the second quarter of 2013, more than did so in ...
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