The Resource FATCA and the the shaping of a new international tax order

FATCA and the the shaping of a new international tax order

Label
FATCA and the the shaping of a new international tax order
Title
FATCA and the the shaping of a new international tax order
Creator
Subject
Language
eng
Summary
After a brief overview of the Foreign Account Tax Compliance Act (FATCA), the article discusses the current state of international tax order, and implementation and enforcement. The author hypothesizes an implementation and enforcement of multiple FATCA-like legislations as a consequence of the domino effect of the U.S. FATCA or as retaliatory measures to the latter or the implementation of a multilateral FATCA as a logical outcome of a concerted intergovernmental approach such as the one initiated through the six-nation "joint statement on improving international tax compliance and implementing FATCA", issued on the same day the proposed Treasury regulations under FATCA were released. It goes on to conclude that if the United States, to whom five OECD countries have already joined in intention, is serious about bringing into play such a bold, aggressive, and unprecedented measure intended to encourage compliance and prevent international tax evasion, it will end up putting in place a framework that will require policy harmonization between countries and a deep level of integration and collaboration between national tax administrations that in fact will substantially constitute a virtual international tax coordination body
Citation source
In: Tax notes international. - Falls Church. - Vol. 66 (2012),
http://library.link/vocab/creatorName
Mukadi, J.N
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • FATCA
  • tax compliance
  • information return
  • enforcement
Label
FATCA and the the shaping of a new international tax order
Instantiates
Publication
Label
FATCA and the the shaping of a new international tax order
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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