Introduction to FATCA video - Mark Benzing
Foreign Account Tax Compliance Act (FATCA) is a US tax regime with a global impact to prevent tax evasion by US account holders overseas and foreign entities with a significant US ownership. This act has a number of implications for foreign financial institutions requiring them to register with the US tax service and identify the US accounts they are holding and deduct the US tax if necessary. Mark Benzing discusses this important new regulation and highlights the impacts firms face.
