Facing up to FATCA has been saved
Facing up to FATCA
ME PoV Fall 2011 issue
Since its enactment in U.S. tax law in March 2010, the Foreign Account Tax Compliance Act (FATCA) has generated significant controversy amongst financial institutions across the globe. However, despite repeated calls for its repeal, financial institutions everywhere are having to accept the inevitable: FATCA is here to stay.