FATCA publications and comment letters

Impact of FATCA on multinational corporations that are not in the financial services industry
This document provides a brief overview of FATCA, debunks the common misconception that FATCA only affects entities in the financial services industry, and provides insight into key points that multinational corporations should start undertaking to comply with FATCA.

The text of the Foreign Account Tax Compliance Act (FATCA) in an easy to read format
We have developed an easy to read formatted version of the proposed treasury regulations, with references, hoping to persuade our clients to study hard.

Implementing the Foreign Account Tax Compliance Act (FATCA) - Proposed regulations timelines
Our comprehensive implementation timeline shows the Department of Treasury and Internal Revenue Service's announced plans for implementing FATCA as of February 8, 2012.

Global IRW Newsbrief: Long-awaited proposed FATCA regulations issued
FATCA proposed regulations were released on 8 February under the Foreign Account Tax Compliance Act ("FATCA") of 2009. The proposed regulations describe procedures for implementing the FATCA withholding tax and information reporting regime and will affect business practices, policies and procedures for financial institutions and taxpayers.

The new proposed FATCA regulations: Overview
On February 8, 2012, Treasury and the IRS issued proposed regulations that provide details on many of the principles introduced in the Notices. The proposed regulations also incorporate some of the ideas and suggestions received from various stakeholders. The regulations also include several provisions that were not included in the Notices.

How do the proposed FATCA regulations impact Asset Managers?
How will asset managers be affected by FATCA? The proposed regulations provide guidance on a number of specific implementation issues relevant to the asset management industry, and it is clear that a number of comments received from the industry were incorporated into the regulations.

How do the proposed FATCA regulations impact Insurers?
The proposed regulations provide specific guidance on a number of implementation issues relevant to the insurance industry, and appear to have incorporated a number of comments received from the insurance industry. What strategies may help insurance companies adjust to what lies ahead?

The Impact of FATCA Withholding on REITS, Real Estate Funds, and Real Estate Investment Entities 
Real estate entities have complex international structures with different considerations with respect to FATCA withholding regarding US and non-US entities. This alert focuses on US entities and their obligations under the new FATCA withholding regime.

Accelerating FATCA compliance
This white paper explores PwC's unique approach to FATCA compliance and how its methodology has helped financial services institutions develop strategic and comprehensive assessment and implementation blueprints to achieve compliance.

The proposed regulations regarding the provisions of the Foreign Account Tax Compliance Act (FATCA), which was passed as a part of the Hiring Incentives to Restore Employment (HIRE) Act of 2010, were released on February 8, 2012. The following selected comment letters have been submitted by interested parties from around the world. A public hearing has been scheduled for May 15, 2012.

Please note that the comment letters are posted here with author consent and as they were sent; PwC has not changed the content of the letters. Posting the comment letters does not imply endorsement or agreement with the contents on the part of PwC. Postings of selected comment letters will continue as they are received and processed.