The results of a recent poll of deVere Group’s American expat clients have shown that over 75 per cent of thosewho have an overseas pension contract are “satisfied”they will no longer relinquish their U.S. citizenship to mitigate the adverse effects of Foreign Account TaxCompliance Act (FATCA). The results of a recent poll of deVere Group’s American expat clients have shown that over 75 per cent of thosewho have an overseas pension contract Read More
The US Treasury Department’s latest revisions to its highly controversial Foreign Account Tax Compliance Act (FATCA) are to be cautiously welcomed I think .
From 1st January 2013, FATCA requires all overseas banks, and other foreign financial institutions (FFIs), to report the financial affairs of their American clients directly to the US government - or face a 30 per cent withholding tax on all US transactions.
As the process of becoming ‘FATCA-compliant’ is extremely Read More
The U.S government owes it to Americans to explain why it remains committed to implementing the highly controversial and potentially damaging Foreign Account Tax Compliance Act (FATCA) . The U.S government owes it to Americans to explain why it remains committed to implementing the highly controversial and potentially damaging Foreign Account Tax Compliance Act (FATCA) . Read More