Financial Services Ireland

FATCA: What does it mean for your business?

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FATCA: What does it mean for your business?

The Foreign Account Tax Compliance Act (FATCA) is a new US law designed to counter offshore tax avoidance by US persons. Many financial institutions are asking us how FATCA applies to them. Where FATCA applies, a number of steps must be taken to become compliant. This document provides answers to some of the common FATCA questions.




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