FATCA: The saga continues (part II)

Over the past few months, there has been a flurry of FATCA activity – including more than 110 submissions to the US Treasury Department from concerned industry groups, financial institutions, individuals and other lobby groups.  This culminated in a one-day public hearing held in Washington on 15 May.The IRS has also released further guidance on the FATCA registration process and issued drafts of the new W-8 BEN forms in addition to the inter-government agreements (IGAs) announcements between the US and Japan and Switzerland.

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