BAFT Publishes Guidance on FATCA Compliance

BAFT — ABA’s global transaction banking subsidiary — today released guidance on the Foreign Account Tax Compliance Act to help practitioners comply with FATCA’s complexities and determine whether and how it applies to various trade product fee types.

“When FATCA tax regulations were originally written, the implications for various commercial fee payments may not have been considered,” said Tod Burwell,

FULL ARTICLE http://bankingjournal.aba.com/2016/09/baft-publishes-guidance-on-fatca-compliance/

Tagged:

Comments are closed.