• FATCA for Private Equity and Hedge Funds: Getting Started Background
  • July 4, 2013
  • Law Firm: Morrison Cohen LLP - New York Office
  • Back in 2010, Congress adopted several pieces of legislation designed to ferret out US investors hiding their money offshore. A portion of that legislation is known as the Foreign Account Tax Compliance Act, or FATCA. In essence, FATCA imposes a new 30% withholding tax on certain payments to foreign persons.