Foreign Account Tax Compliance Act
The Foreign Account Tax Compliance Act is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions to search their records for customers with indicia of a connection to the U.S., ... Wikipedia
Originally published: March 18, 2010
Tax rate: a 30 percent
Effective: March 18, 2010 (26 USC § 6038D); December 31, 2017 (26 USC §§ 1471-1474)
Enacted by: the 111th United States Congress
Public law: 111-147
Statutes at Large: 124 Stat. 71, 97-117
Titles amended: 26