China

Details

  • Service: Tax, US Corporate Tax, Advisory, Risk Consulting
  • Industry: Financial Services, Insurance
  • Type: Business and industry issue
  • Date: 8/19/2013

FATCA: What You Need to Know - Implications and Insights for Insurance Companies 

On January 17, 2013, the US Treasury Department and Internal Revenue Service (IRS) released the long-awaited final regulations for the Foreign Account Tax Compliance Act (FATCA). The final rules provide some welcome practical improvements over previous proposals. Nevertheless, the core challenges of compliance – including the need to review and assess every legal entity and business unit within your organization – remain.