The Global Financial System Must Now Implement a New U.S. Reporting and Withholding System for Foreign Account Tax Compliance, Which Will Create Significant New Exposures - Managing This Risk (Part V - Classification of Entities)

Marsan, Dean

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The Global Financial System Must Now Implement a New U.S. Reporting and Withholding System for Foreign Account Tax Compliance, Which Will Create Significant New Exposures - Managing This Risk (Part V - Classification of Entities)

Dean Marsan

Lloyds

July 1, 2011

Taxes - The Tax Magazine, Vol. 89, No. 7, pp. 39-66, 2011

Abstract:
Part V examines the FATCA entity classifications as outlined in Notice 2010-60.

Number of Pages in PDF File: 28

Keywords: Fatca, entity classification, FFI, NFFE, deemed-compliant FI, withholdable payment, 1441, insurance, bank, retirement plan, USFI, CFC, QI, qualified intermediary, expanded affiliated group, 1471, 1472, small FFI, active trade or business, NFFE business, FI business, Territory-organized FI

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Date posted: October 3, 2011

Suggested Citation

Marsan, Dean , The Global Financial System Must Now Implement a New U.S. Reporting and Withholding System for Foreign Account Tax Compliance, Which Will Create Significant New Exposures - Managing This Risk (Part V - Classification of Entities) (July 1, 2011). Taxes - The Tax Magazine, Vol. 89, No. 7, pp. 39-66, 2011. Available at SSRN: http://ssrn.com/abstract=1937801

Contact Information

Dean Marsan (Contact Author)

Lloyds ( email )

New York, NY
United Kingdom