China

Details

  • Service: Tax, US Corporate Tax, Advisory, Risk Consulting
  • Industry: Financial Services
  • Type: Business and industry issue
  • Date: 3/30/2012

FATCA - Recently Released Guidance Accelerates Focus on Business Impacts 

On Feb. 8, 2012, the Internal Revenue Service and U.S. Department of Treasury issued the first set of detailed proposed regulations intended to interpret and implement many of the key provisions of the Foreign Account Tax Compliance Act (FATCA). Get the simple facts on FATCA in this article, in which KPMG examines seven business impacts financial services organisations may face when complying with FATCA.