April 1, 2011: Mexican Banking Association (ABM) and the Mexican Securities Industry Association (AMIB)


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The Mexican Banking Association (“ABM”) and the Mexican Securities Industry Association (“AMIB”), commenting on guidance (Notice 2010-60) on the Foreign Account Tax Compliance Act withholding and reporting provisions, have asked the IRS to consider issues the groups have identified, particularly regarding cases that present a conflict between FATCA and a foreign financial institution's domestic laws.

A copy of the "ABM" and "AMIB" letter, as originally published by Tax Analysts, is attached.

Contact FATCA Leader  for further information.

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