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IFIC Requests Changes to Proposed FATCA Regulations
Sources News Release
http://www.sources.com/Releases/NR1611.htm
Publisher: The Investment Funds Institute of Canada (IFIC)
Date Written: 04/05/2012
Year Published: 2012
Resource Type: Article
The Investment Funds Institute of Canada (IFIC) has responded to a request for submissions by the U.S. Department of Treasury and Internal Revenue Service (IRS) regarding the proposed regulations relating to the Foreign Account Tax Compliance Act.
Abstract: Toronto - The Investment Funds Institute of Canada (IFIC) has responded to a request for submissions by the U.S. Department of Treasury and Internal Revenue Service (IRS) regarding the proposed regulations (http://www.irs.gov/pub/newsroom/reg-121647-10.pdf) relating to the Foreign Account Tax Compliance Act (FATCA).
Under FATCA, foreign financial institutions will be required to report directly to the IRS information about financial accounts held by U.S. taxpayers, or held by foreign entities...
To read the full release go to http://www.sources.com/Releases/NR1611.htm
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