Fatca's compliance demands spell trouble for outsourcers

Contracts may need overhauling to match tax-evasion law

outsourcing

When US Congress enacted the Foreign Account Tax Compliance Act (Fatca) in 2010, it may not have anticipated the compliance obligations this would impose on the large number of financial institutions around the globe that have found themselves caught in this complex web.

Foreign financial institutions (FFIs) and US withholding agents have invested heavily in programmes to comply with the anti-tax evasion regulation, which, in many cases, is likely to involve reliance on third-party suppliers for

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: