Saturday 26 October 2013

Time to prepare for FATCA

Time is marching on and the deadlines for FATCA are getting closer.

In July 2013 the IRS postponed FATCA implementation for 6 months. Many companies relegated FATCA to the back of the regulatory queue to focus on Dodd Frank, AIFMD, Solvency II and a myriad other regulatory initiatives demanding their attention.

It’s time to focus on FATCA again. The 6 month grace period should be used to prepare for FATCA. fact the delay should serve to underline the scale of the work involved worldwide for both financial institutions and regulators themselves, in order to implement FATCA’s requirements.

In our new Global Perspectives white paper we will look at the 4 essential steps organisations need to complete to prepare for FATCA.

If you’re lucky enough to be unfamiliar with FATCA you can read all about it in our introductory white paper here - www.hedgetracker.com/article/FATCA-Simplified--the-Good-the-Bad-the-Ugly
 
 
Latest Developments
 
FATCA is here to stay and its going global. A worldwide web of Inter-Governmental Agreements (IGA’s) continues to be signed whereby countries are agreeing to swap tax details with the US, and also increasingly with each other.
 
The EU agreed at a summit in May to automatically swap tax details between the 28 countries of the European Union. Incredibly, in October 2013, even Switzerland signed the OECD convention on the exchange of taxation information. FATCA is changing everything.

This is the first in a series of Global Perspectives white papers which will cover what is required to prepare, implement and maintain compliance with FATCA in your organisation.
 
Our first FATCA white paper examines the 4 essential steps organisations need to complete to prepare for FATCA. You can access it here:-

http://www.globalperspective.co.uk/#!preparing-for-fatca/c1b4k


Sign up for all our free white papers on our website or by emailing:-

shane@globalperspective.co.uk