ARTICLE
31 August 2017

FATCA Withstands Challenge In Court

MG
Maples Group

Contributor

The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.
The penal withholding tax provisions of FATCA are making it difficult for US citizens to do business with foreign (non-US) financial institutions
Cayman Islands Tax

The penal withholding tax provisions of FATCA are making it difficult for US citizens to do business with foreign (non-US) financial institutions. The OECD's Common Reporting Standard relies instead upon each participating jurisdiction to enforce the reporting laws. Is that a silver lining for CRS?

Sixth Circuit affirms that plaintiffs lacked standing to challenge foreign reporting requirements

Dismissal of FATCA Lawsuit Upheld

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More