Delay in FATCA implementation spells relief for foreign institutions

July 20, 2011

Financial institutions are more relaxed in light of the Internal Revenue Service’s (IRS’s) and the US Treasury Department’s July 14 announcement that promulgation of the Foreign Account Tax Compliance Act (FATCA) will be pushed back until 2014.

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Delay in FATCA implementation spells relief for foreign institutions

Financial institutions are more relaxed in light of the Internal Revenue Service’s (IRS’s) and the US Treasury Department’s July 14 announcement that promulgation of the Foreign Account Tax Compliance Act (FATCA) will be pushed back until 2014.

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