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Global FS Tax NewsFlash
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FATCA legislation has substantial consequences for all financial services organizations, including asset managers
On March 18, 2010 the final version of the Foreign Account Tax Compliance Act of 2009 ("FATCA") became law. It will dramatically change the current system of U.S. tax withholding. This has significant implications for all financial services institutions (including asset managers) that have US citizen clients or receive US source income.
