Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

FATCA FFI Update and It Doesn’t Look Pretty. September Did Not Break 100,000!

Posted by William Byrnes on September 2, 2014


The IRS published its September list of 99,861 FFIs registered for FATCA.  But that’s just an increase of about 4,500 registrations since the August list of 95,239.  The disappointing September result is a harbinger of the rough waters ahead for general FATCA compliance.  Considering the growth in registrations has slowed dramtically from the July to August increase of only7,246 additional entities (up from 87,993 in July), many industry watchers are sounding the alarm bells.

How Many Foreign Financial Institutions Are Still Not Registered?  Most!

read the country by country analysis at International Financial Law Prof Blog.

Read the August analysis and a country-by-country, and IGA, breakdown at International Financial Law Professor

Who We Are?

Haydon Perryman, FATCA Compliance expert of Strevus, and I have been undertaking (and publishing) the leading, same-day, analysis of the previous June 2nd  and the July 1st  of the FATCA FFI GIIN list by country, by IGA, by EAG, as well as exploring other interesting aspects of registered FFIs, and FATCA compliance documentation (e.g. W-8s and equivalent forms allowed by IGA). Haydon brings the practical side to bear having established the FATCA compliance system for Tier 1 UK institutions and Tier 1 EU ones, and I the academic side being the primary author of Lexis’ Guide to FATCA Compliance and an international tax professor.

free chapter download here —> http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457671   Number of Pages in PDF File: 58

2 Responses to “FATCA FFI Update and It Doesn’t Look Pretty. September Did Not Break 100,000!”

  1. […] over” on their backs to comply with FATCA. On the contrary, in an article entitled, “FATCA FFI Update and it Doesn’t Look Pretty. September Did Not Break 100,000,” author William Byrnes — my former professor of international tax and a man who I have […]

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  2. […] over” on their backs to comply with FATCA. On the contrary, in an article entitled, “FATCA FFI Update and it Doesn’t Look Pretty. September Did Not Break 100,000,” author William Byrnes — my former professor of international tax law and a man who I […]

    Like

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