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FATCA implications in the Middle East

FATCA and its implications

Since its enactment in U.S. tax law in March 2010, the Foreign Account Tax Compliance Act (FATCA) has generated significant controversy amongst financial institutions across the globe. However, despite repeated calls for its repeal, financial institutions everywhere are having to accept the inevitable: FATCA is here to stay.

Deloitte Middle East podcast series interviews Brandon George, senior manager in Deloitte Middle East Tax advisory services practice, on FATCA and its implications:

  1. With the enactment of FATCA, institutions are seeking to become deemed compliant. Is this something every financial institution should do?
  2. When will the detailed regulations be issued by the Internal Revenue Service (IRS) and the U.S. Treasury? 
  3. What are institutions around the world doing with their US customers?
  4. What are the Middle East regulators (such as the Central Banks) currently doing with respect to FATCA?

Guest: Brandon George - senior manager in Deloitte Middle East Tax advisory services practice

 

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