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gptkbp:instance_of
|
gptkb:United_States_federal_law
|
|
gptkbp:administered_by
|
gptkb:Internal_Revenue_Service_(IRS)
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|
gptkbp:aims_to_improve
|
offshore tax evasion
|
|
gptkbp:applies_to
|
U. S. citizens and residents
|
|
gptkbp:consequences
|
non-compliant foreign institutions
|
|
gptkbp:effective_date
|
July 1, 2014
|
|
gptkbp:enacted_by
|
gptkb:United_States_Congress
|
|
gptkbp:encourages
|
information sharing between countries
|
|
gptkbp:enforces
|
gptkb:U._S._Department_of_the_Treasury
|
|
gptkbp:has_impact_on
|
foreign banks
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Foreign Account Tax Compliance Act (FATCA)
|
|
gptkbp:influence
|
withholding tax on certain payments
|
|
gptkbp:influences
|
global tax compliance standards
|
|
gptkbp:is_part_of
|
U. S. tax law
|
|
gptkbp:is_related_to
|
gptkb:Common_Reporting_Standard_(CRS)
|
|
gptkbp:purpose
|
combat tax evasion
|
|
gptkbp:related_to
|
International tax compliance
|
|
gptkbp:requires
|
foreign financial institutions to report on U. S. account holders
reporting of foreign assets
|
|
gptkbp:bfsParent
|
gptkb:Bank_Secrecy_Act
|
|
gptkbp:bfsLayer
|
6
|