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FATCA Implemented, But Not Strong

//FATCA Implemented, But Not Strong

FATCA Implemented, But Not Strong

FATCA has been implemented, but it is not strong many groups still harboring strong political and legal animosity. FATCA is now legally in force, but the Treasury department is promising “to go easy” on enforcement for the first two years since delays and high costs leave many areas of the world still unable to fully comply with FATCA. FATCA has greatly increased global concern over the use of foreign accounts to evade government taxation, yet there is still conversation as to whether this is the correct solution to solve the problem or if it will just cause more damage to the United States and innocent, tax abiding Americans.

By | 2017-01-01T11:27:18+00:00 August 31st, 2014|Freeman Tax Law|Comments Off on FATCA Implemented, But Not Strong