FATCA: The final regulations have landed – let the games begin

In January 2013, the United States Treasury Department released the final regulations relating to the U.S. Foreign Account Tax Compliance Act (FATCA) on the Federal Register.  The final regulations came almost 12 months after the proposed regulations were first issued for consultation.The final regulations cover 544 pages, the majority of which comprises sections 1471 to 1474 of the Internal Revenue Code (which is also referred to as Chapter 4).  Within the final regulations there are 115 pages alone dedicated to summarising the key changes that the U.S. Treasury Department has either adopted or chosen to overlook. 

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