• 24/10/2013 / Briefing

    Foreign Account Tax Compliance Act (FATCA) – United States of America (USA)

    It is widely anticipated that the States of Jersey will soon sign an Intergovernmental Agreement (IGA) with the USA to implement the new Foreign Account Tax Compliance Act (FATCA). Under such an IGA, all financial institutions in Jersey will be obliged to identify all “account holders” who are US Persons for tax purposes and to exchange certain information with the US Internal Revenue Service (IRS) in respect of those US account holders and the accounts held by them.

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