Treasury Hints That Regulatory Review May Target FATCA Regulations

In a report to the President recommending actions to eliminate or mitigate burdens imposed on taxpayers by eight specific tax regulations, the Treasury Department indicated that it is considering possible reforms of regulations issued pursuant to the Foreign Account Tax Compliance Act (FATCA). Enacted in 2010 and fully effective as of July 1,

FULL ARTICLE http://www.jdsupra.com/legalnews/treasury-hints-that-regulatory-review-61021/

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