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Our whitepaper examining the US Foreign Account Tax Compliance Act.
The Foreign Account Tax Compliance Act (“FATCA”) is U.S. tax legislation which was enacted by the Hiring Incentives to Restore Employment ("HIRE") Act 2010.
FATCA has introduced a new chapter to the United States Internal Revenue Code. Its primary aim is to combat perceived tax abuse by U.S. persons through the use of offshore accounts.Our whitepaper examines: