The Foreign Account Tax Compliance Act (FATCA)

Read interesting articles on US Laws, taxation, sanctions, and more on STA Law Firm’s blog

Sourced through Scoop.it from: www.stalawfirm.com

American #Expats this one is for you. #FATCA in a nutshell.

FATCA Bill was passed in late February this year. This legislation makes it mandatory for all countries with a 30 percent levy on all money flowing of the US economy unless they agree to serve as deputy tax collectors for the Internal Revenue Service (the IRS). Continue Reading further here.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s