Stephen Fiamma and Stefka Kavaldjieva explain why the recently released intergovernmental agreement on FATCA (the IGA) between the US and the UK provides welcome prospective relief from many burdensome aspects of FATCA reporting and withholding.
The Foreign Account Tax Compliance Act (FATCA) imposes a 30% US withholding tax on certain payments (generally US source payments gross proceeds from the sale of property producing US source interest and dividends and certain not-yet-defined ‘foreign
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Stephen Fiamma and Stefka Kavaldjieva explain why the recently released intergovernmental agreement on FATCA (the IGA) between the US and the UK provides welcome prospective relief from many burdensome aspects of FATCA reporting and withholding.
The Foreign Account Tax Compliance Act (FATCA) imposes a 30% US withholding tax on certain payments (generally US source payments gross proceeds from the sale of property producing US source interest and dividends and certain not-yet-defined ‘foreign
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: