Samenvatting

The Foreign Account Tax Compliance Act (“FATCA”) is a very recent US tax regime with implications for international funds. FATCA’ complexities compounded with Treasury’s inconsistent approach towards FATCA resulted in unintended industry challenges. These inconsistencies and unintended challenges peaked my interest in investigating the FATCA regime. New regulations’ updates are published on a weekly basis thereby giving the impression of a moving target, spawning instability and confusion in the market. While new regimes are always subject to improvement, confusion regarding their interpretation is cause of concern. This concern is the main reason why I am investigating FATCA. My aim is to provide insights in the workings of FATCA and to provide meaningful recommendations regarding improvements needed so as to hopefully better align FATCA’s regulations with the IGAs performance.