Foreign account tax compliance ACT
Our topic of the week focuses on the proposed foreign account tax compliance ACT or FATCA which will come into being on the 30th June 2014. The legislation brought on by the US government's Internal Revenue Service will force other countries to report on US citizen's assets that are held outside of the borders of the US. Although this has a direct impact on US citizens, what impact does this hold for residents of other countries?
Joining ABN's Samantha Loring to give clarity to Foreign Account Tax Compliance Act is Anthony Markham, founding partner at Maitland and as per usual at the desk Our 2 strategists Cobie Legrange, Strategist at ClucasGray Investment Managers and & Roland Rousseau, Equity Strategist at ABSA Capital.
