IBFed’s Recommendation to US Authorities on the Foreign Account Compliance Tax Act (FATCA)

24 Nov 2010

IBFed has responded to a request for comments from the US Treasury and Internal Revenue Service on the US Foreign Account Tax Compliance Act (FATCA).  In responding, IBFed reiterated its support for the US authorities and offered practical solutions to the operational challenges associated with the implementation of FATCA identified by the banking industry.  IBFed will continue to provide the US authorities with constructive recommendations.

The IBFed recommendations are available here and here is the IBFed’s earlier letter.

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