The US withholding and information reporting regime under the Foreign Account Tax Compliance Act of 2010, when implemented, will affect a broad range of foreign entities, both financial and non-financial, and US withholding agents. This memorandum provides an overview of the applicable rules and requirements, in light of recently issued proposed regulations and a joint statement by the US Treasury Department and the governments of Germany, the United Kingdom, France, Italy, and Spain, to help foreign entities and US withholding agents in determining whether they will be subject to the requirements under the Foreign Account Tax Compliance Act.View full memo, "Key Aspects of the FATCA Regime"
