FATCA: Impact of U.S. Tax Law

Global Business

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Monday, May 5 is the deadline for foreign financial instituions to register under a controversial U.S. tax law. The Foreign Account Tax Compliance Act (FATCA) has been designed to clamp down on tax evaders. It affects people and entities sending or receiving income from the U.S.
To break down the impact of FATCA, CCTV’s Phillip Yin interviews Michael Silva, Partner at DLA Piper; and Marylouise Serrato, Executive Director at American Citizens Abroad.

Impact of Foreign Account Tax Compliance Act (FATCA)

Impact of Foreign Account Tax Compliance Act (FATCA)

Monday, May 5 is the deadline for foreign financial instituions to register under a controversial U.S. tax law. The Foreign Account Tax Compliance Act (FATCA) has been designed to clamp down on tax evaders. It affects people and entities sending or receiving income from the U.S. To break down the impact of FATCA, CCTV's Phillip Yin interviews Michael Silva, Partner at DLA Piper; and Marylouise Serrato, Executive Director at American Citizens Abroad.