The US Internal Revenue Service (IRS) has issued its long-awaited final regulations under the Foreign Account Tax Compliance Act (FATCA). FATCA, designed to police non-US investments, accounts and trust interests held by certain US persons, was initially enacted in March 2010 but is only beginning to take effect this year. According to Gary Gartner, a
Tag: Kaye Scholer LLP
How does the ‘fiscal cliff’ compromise affect Canadians?
Although most of the major legislative changes resulting from the New Year’s “fiscal cliff” negotiations has been widely covered, Lexpert wondered, on behalf of our readers, about something that has not been covered as much: how the changes affect Canadians. So Lexpert asked US tax lawyer (and Canadian-born) Gary Gartner of Kaye Scholer LLP about
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