IBFed writes to G7 on FATCA – 12/04/11

12 Apr 2011

IBFed member associations wrote to their national tax authorities to ask that the US Foreign Account Tax Compliance Act be included on the agenda of G7 in April.  In the letter, the members explained that whilst they understood the objective of FATCA, they were concerned about the difficulty of complying with a law which conflicts with domestic requirements.  IBFed will be continuing to engage on this issue.