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U.S. government issues FATCA proposed guidance & approach to automatic exchange of FATCA information

  • Akerman Senterfitt
  • -
  • France, Germany, Italy, Spain, United Kingdom, USA
  • -
  • February 9 2012

On February 8, 2012, the U.S. Department of the Treasury ("Treasury") and the Internal Revenue Service ("IRS") issued the long-awaited Proposed Regulations with respect to the Foreign Account Tax Compliance Act ("FATCA"

Generalisation of the 10 year statute of limitation period regarding undisclosed accounts held abroad

  • Baker & McKenzie
  • -
  • France
  • -
  • January 25 2012

The statute of limitation period applicable to taxpayers on undisclosed accounts held abroad is extended to 10 years