FATCA Complexity Leading To Lackluster Results

By Natalie Olivo (July 12, 2018, 7:03 PM EDT) -- A recent report that highlighted the Internal Revenue Service's stalled enforcement of the Foreign Account Tax Compliance Act shows that although the agency has made it a priority to crack down on unreported offshore accounts, the statute's logistical challenges are getting in the way.

The Treasury's inspector general for tax administration, J. Russell George, left, talks at a hearing on Capitol Hill. (AP) A report from the Treasury Inspector General for Tax Administration earlier this month found that although the IRS had spent nearly $380 million to carry out FATCA, the agency "is still not prepared to enforce compliance" with it....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!