|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:abbreviation
|
gptkb:FATCA
|
|
gptkbp:administeredBy
|
gptkb:Internal_Revenue_Service
|
|
gptkbp:affects
|
global banking system
|
|
gptkbp:appliesTo
|
U.S. taxpayers
foreign financial institutions
|
|
gptkbp:criticizedFor
|
privacy concerns
complexity
impact on expatriates
|
|
gptkbp:dateEnacted
|
2010-03-18
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:fullName
|
gptkb:Foreign_Account_Tax_Compliance_Act
|
|
gptkbp:hasIntergovernmentalAgreements
|
over 100 countries
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
FATCA
|
|
gptkbp:jurisdiction
|
gptkb:United_States
|
|
gptkbp:partOf
|
gptkb:Hiring_Incentives_to_Restore_Employment_Act
|
|
gptkbp:penalty
|
30% withholding tax on certain U.S.-sourced payments
|
|
gptkbp:purpose
|
combat tax evasion by U.S. persons holding accounts and other financial assets offshore
|
|
gptkbp:relatedTo
|
tax compliance
international tax law
offshore accounts
|
|
gptkbp:requires
|
foreign financial institutions to report information about financial accounts held by U.S. taxpayers
|
|
gptkbp:signedBy
|
gptkb:Barack_Obama
|
|
gptkbp:startDate
|
2014-07-01
|
|
gptkbp:website
|
https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca
|
|
gptkbp:bfsParent
|
gptkb:Common_Reporting_Standard_(CRS)_implementation
gptkb:Foreign_Bank_and_Financial_Accounts_Reports_(FBARs)
gptkb:Form_8938
gptkb:Expatriation_Tax
gptkb:FBAR_(Foreign_Bank_Account_Report)
gptkb:Foreign_Account_Tax_Compliance_Act_(FATCA)
|
|
gptkbp:bfsLayer
|
6
|