Home      Login


FATCA: Where Are We Now, and What Next?  


Author:  Michael Orchowski.; Andrew Solomon.


Source: Volume 28, Number 01, September/October 2014 , pp.17-25(9)




Journal of Taxation and Regulation of Financial Institutions

< previous article |next article > |return to table of contents

Abstract: 

This article provides a brief overview of FATCA and discusses the progress that has been made to date. It also explains what remains to be done to implement FATCA, and how FATCA’s current effect has been limited by Notice 2014-33 (the “Notice”). Finally, it discusses the future of FATCA and the more general influence that FATCA has had on international information exchange.

Keywords: Foreign Account Tax Compliance Act; FATCA; Notice 2014-33; intergovernmental agreements; common reporting standard

Affiliations:  1: Sullivan & Cromwell LLP; 2: Sullivan & Cromwell LLP.

Subscribers click here to open full text in PDF.
Non-subscribers click here to purchase this article. $17

< previous article |next article > |return to table of contents