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Tax Compliance
by James Antonio Marketing Head
The Foreign Account Tax Compliance Act (FATCA) is a U.S. law that was enacted in 2010 to combat tax evasion by U.S. taxpayers who hold foreign financial accounts. FATCA is designed to ensure that U.S.
Recommended Features
- FATCA
- Foreign Account Tax Compliance Act
- Foreign account tax
- process of filing FATCA
- Foreign Account Tax Compliance
Review on Tax Compliance
About Foreign Account Tax Compliance Act FATCAThe U.S. tax system is based on citizenship, which means that U.S. taxpayers are required to pay taxes on their worldwide income regardless of where they live. However, until the enactment of FATCA, the U.S. government had limited ability to enforce this requirement with respect to foreign financial accounts.
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About James Antonio 
Marketing Head
55 connections, 2 recommendations, 298 honor points.Joined APSense since, February 10th, 2021, From New Delhi, India.
Created on Feb 15th 2023 04:44. Viewed 158 times.
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