FATCA

Definition

The Foreign Account Tax Compliance Act (FATCA) is a US federal law that requires foreign financial institutions (including trustees) to report information about accounts held by US persons to the US Internal Revenue Service (IRS).

Kontext

Dieser Begriff wird haeufig im Kontext der Trust-Verwaltung in der Schweiz verwendet. Das Verstaendnis dieses Konzepts ist wesentlich fuer internationale Familien, Unternehmer und Rechtsanwaelte, die Trust-Strukturen mit Verwaltung aus der Schweiz in Erwaegung ziehen oder verwalten.

Verwandte Begriffe

• AML (Anti-Money Laundering) — Anti-Money Laundering (AML) refers to the set of laws, regulations and procedures designed to preven...
• Asset Protection — Asset protection refers to strategies used to shield assets from potential claims, creditors or lega...
• Beneficial Ownership — Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or trus...
• Beneficiary — A beneficiary is a person or entity designated to receive benefits from a trust, such as income, cap...
• Change of Trustee — A change of trustee is the process of replacing the existing trustee with a new one. This involves l...