UK trade bodies will be lobbying the British and American authorities to clarify whether UK pension schemes will be exempt from the Foreign Account Tax Compliance Act.
FATCA is designed to crackdown on the use of offshore accounts by American citizens to avoid paying their tax bill by forcing ‘foreign financial institutions’ to report Americans on their books. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
