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By Pierre KIRSCH, Partner Camille PEREZ, Director, PwC Luxembourg
A LIRE OU A RELIRE - Article publié dans le mensuel d’OCTOBRE 2022
The Foreign Account Tax Compliance Act (FATCA) regulation has now been alive for more than eight years. Thanks to the entry into force of FATCA, the United States receives from financial institutions across the world, directly or via the local tax authorities, some static and financial information about Specified U.S. Persons (e.g. individuals with U.S. residency, citizenship or entities located in the U.S. or foreign entities with U.S. Ultimate Beneficial Owners (UBO) who are clients/investors of those financial institutions.
Therefore, the U.S. Tax Authorities,...
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