Today, International Adviser will take a fresh look at the Foreign Account Tax Compliance Act and how it has been implemented through agreements with governments around the world.
IA news reporter Daniel Flynn speaks to the UK’s Wealth Management Association, Maseco and Thomas Miller Investment to find out how FACTA has impacted wealth managers and IFAs.
Look out for our gallery which reveals which countries managed to negotiate a preferential deal.
Also check in with us later to read why one high-profile US lawyer believes the Act is an overreaction to tax avoidance by a small minority and why simplification would have been a better solution.
