The need to close the FATCA loophole to preserve the integrity of U.S. tax enforcement efforts by Patrick W. Martin
By: Martin, Patrick W
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Material type: 
ArticlePublisher: 2020Subject(s): RENTAS EXTRANJERAS | EVASION FISCAL | ELUSION FISCAL | PARAISOS FISCALES | CONTROL | CUMPLIMIENTO FISCAL | ESTADOS UNIDOS
In:
Tax Notes International v. 98, n. 11, June 15, 2020, p. 1235-1243Summary: In this article, the author explains how a "loophole" in the Foreign Account Tax Compliance Act (FATCA) enables unscrupulous tax and financial advisors to help their nonresident alien clients hide income earned in U.S. financial institutions out of the reach of foreign governments. This prevents governments from achieving the full tax compliance benefits of the goals stated in FATCA intergovernmental agreements.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 138-Bis/2020/98/11-1 (Browse shelf) | Available | OP 138-Bis/2020/98/11-1 |
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| OP 138-Bis/2020/98/10-1 Spanish taxation of trusts and private interest foundations | OP 138-Bis/2020/98/10-2 Dealing with tax populism | OP 138-Bis/2020/98/11 Tax Notes International | OP 138-Bis/2020/98/11-1 The need to close the FATCA loophole to preserve the integrity of U.S. tax enforcement efforts | OP 138-Bis/2020/98/11-2 Canadian Appeal Court rejects government's treaty-shopping arguments against Luxembourg holding company | OP 138-Bis/2020/98/11-3 Transfer pricing and COVID-19 | OP 138-Bis/2020/98/11-4 FTCs and the "two-state problem" |
Disponible también en formato electrónico.
Resumen.
In this article, the author explains how a "loophole" in the Foreign Account Tax Compliance Act (FATCA) enables unscrupulous tax and financial advisors to help their nonresident alien clients hide income earned in U.S. financial institutions out of the reach of foreign governments. This prevents governments from achieving the full tax compliance benefits of the goals stated in FATCA intergovernmental agreements.
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