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Non-U.S. Financial Institutions and Investment Funds to Function as Tax Intermediaries Under FATCA  


Author:  James N.  Calvin.; Kenneth M.  Kess.; Pascal  Noel.


Source: Volume 25, Number 06, July/August 2012 , pp.35-39(5)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

FATCA is likely to be the global catalyst to automatic and reciprocal reporting for financial institutions, including non-U.S. financial institutions and investment funds, which will be expected to don the mantle of go-between for global tax authorities in pursuit of tax evaders.

Keywords: Foreign Account Tax Compliance Act; offshore assets; global framework; reciprocal reporting; cross-border investment; Intergovernmental Agreements

Affiliations:  1: Deloitte & Touche LLP; 2: Deloitte Tax LLP; 3: Deloitte Tax & Consulting.

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