Details

Service: Tax, Topics, Financial Services Regulation, FATCA
Industry: Financial Services, Banking, Investment Management, Insurance, Superannuation, Private Equity, Real Estate & Construction
Type: Regulatory update
Date: 8/03/2012

FATCA: Where are we now?

We provide an update on the Foreign Account Tax Compliance Act and address issues faced by financial institutions and investment entities.

FATCA: Where are we now? Issue 4 - March 2012

Foreign Account Tax Compliance Act (FATCA) will pose significant, additional business challenges to financial services organisations, especially FFIs and US withholding agents, and affect their business models. It will also impact their non-US customers/clients, investors, and counterparties. For some firms and service providers, however, FATCA might also present new business opportunities.

Download Now

FATCA: Where are we now? Issue 4 - March 2012 [PDF 368KB]

PDF files require Adobe Reader to view

Download Adobe Reader

Key insights

FATCA compliance is not optional and will not be 'business as usual'
It will also affect US withholding agents and may impact 'top-line' revenue
Compliance will increase costs and negatively impact margins
Timely and comprehensive planning will be required to properly allocate resources.

Contact us

Contact KPMG to find out more about our services or industry experience.

Financial Services

Our Financial Services practice can help financial institutions make better decisions about performance, growth, governance and prudential matters.

Tax

Our Tax Team assists with corporate tax, transfer pricing, indirect tax, international executive services, R&D incentives, superannuation and more.

Latest articles & publications

	2013 Federal Budget and the superannuation industry

	Changes to tax-preferred trust distributions?

	NSW stamp duty abolition is Gonski



	More articles and publications

Subscribe to related feeds

© 2013 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.