28 Pages Posted: 3 Oct 2011
Date Written: July 1, 2011
Part V examines the FATCA entity classifications as outlined in Notice 2010-60.
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
Suggested Citation: 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: https://ssrn.com/abstract=1937801