Proposed FATCA Provisions
Published on:
October 8, 2012
SIFMA provides additional comments to the U.S. Department of Treasury and the Internal Revenue Service (IRS) on proposed Foreign Account Tax Compliance Act (FATCA) provisions, in particular with respect to DVP/COD transactions. SIFMA previously sent comments on this matter on April 30, 2012. In order to avoid unnecessary market disruption, SIFMA believes the final FATCA regulations should reflect two additional important and time-sensitive recommendations.