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Offshore Accounts: FATCA Background, Developments, and Key Issues

18 Pages Posted: 19 Mar 2014 Last revised: 27 Mar 2014

J. Richard (Dick) Harvey

Villanova University School of Law and Graduate Tax Program

Date Written: March 24, 2014

Abstract

FATCA was unilaterally enacted by the US in March 2010 to address tax evasion by US taxpayers using offshore accounts. Much has occurred during the ensuing 4 years as the world prepares for FATCA’s July 1, 2014 effective date.

This slide deck titled, Offshore Accounts: FATCA Background, Developments, and Key Issues, was prepared for a March 24, 2014 speech sponsored by the University of Baltimore School of Law and the Maryland State Bar Association. Ultimately the key question is whether FATCA will be successful, and if so, how long will it take?

Keywords: Offshore accounts, FATCA, OECD Common Reporting Standard, Tax evasion

Suggested Citation

Harvey, J. Richard (Dick), Offshore Accounts: FATCA Background, Developments, and Key Issues (March 24, 2014). Villanova Law/Public Policy Research Paper No. 2014-1006. Available at SSRN: https://ssrn.com/abstract=2410846 or http://dx.doi.org/10.2139/ssrn.2410846

J. Richard Harvey (Contact Author)

Villanova University School of Law and Graduate Tax Program ( email )

299 N. Spring Mill Road
Villanova, PA 19085
United States
610-519-4474 (Phone)

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