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hello Iamp;#39;m lindley Gooden Iamp;#39;d like to welcome you to market forces fat cow webinar host an association with Trillium software FATCA the foreign account Tax Compliance Act is a piece of us legislation which aims to crack down on tax evasion by US citizens and companies who invest outside the US it vastly extends the docHub of the United States Internal Revenue Service by obliging most non US financial institutions to either collect and share additional data concerning their clients or face of punitive thirty percent withholding tax now the final regulations wonamp;#39;t come out until later this year but firms are having to conduct impact assessments and amend their operations now in order to stand a chance of meeting the deadlines now one of the most docHub operational challenges faced by so-called foreign financial institutions or FF is lies in collecting the additional data that the IRS requires and thatamp;#39;s what weamp;#39;re going to be talking about today
