Foreign Account Tax Compliance Act of 2009

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The Foreign Account Tax Compliance Act — it its amigos, FATCA — is a US federal law requiring all non-U.S. foreign financial institutions identify those of their customers with “indicia” of a connection to the U.S., including being born there or having lived there, and report them and their assets to the U.S. Department of the Treasury.

It leads to the FATCA Amendment

See also

• Withholding Tax
• HIRE Act
• FATCA Amendment