Cayman Islands:
FATCA Withstands Challenge In Court
31 August 2017
Maples Group
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The penal withholding tax provisions of FATCA are making it
difficult for US citizens to do business with foreign (non-US)
financial institutions. The OECD's Common Reporting Standard
relies instead upon each participating jurisdiction to enforce the
reporting laws. Is that a silver lining for CRS?
Sixth Circuit affirms that plaintiffs lacked standing to
challenge foreign reporting requirements
Dismissal of FATCA Lawsuit Upheld
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