The Resource Impact of FATCA on Israeli trust structures

Impact of FATCA on Israeli trust structures

Label
Impact of FATCA on Israeli trust structures
Title
Impact of FATCA on Israeli trust structures
Creator
Subject
Language
eng
Summary
Israel is going to exchange financial account information with the USA and, eventually, other countries as well. As a result, it is imperative that all trusts be certain of their status under the Foreign Account Tax Compliance Act (FATCA). On 1 August 2016, the Finance Committee confirmed Israel's regulations implementing the FATCA intergovernmental agreement (IGA) signed between Israel and the USA in 2014. A request was filed with the Israeli High Court of Justice in January 2016 seeking to prohibit the Israeli tax authorities from sharing details of financial accounts with the US Internal Revenue Service (IRS). The Court denied that request on 12 September 2016. As a result, Israeli trust structures, of they have not done so already, must determine which entities in the structure have FATCA registration, due diligence, and reporting requirements
Citation source
In: Trusts & trustees. - Oxford. - Vol. 23 (2017), no. 3 ; p. 280-285
http://library.link/vocab/creatorName
  • Eyal, L
  • Barg, S
  • Cherry, J
  • Bassewitz, S. von
Geographic coverage
  • Asia
  • Middle East
  • North America
Language note
English
http://library.link/vocab/subjectName
  • trust
  • FATCA
  • IGA
  • due diligence
  • reporting requirements
  • exchange of information
Label
Impact of FATCA on Israeli trust structures
Instantiates
Publication
Label
Impact of FATCA on Israeli trust structures
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...