The New York Times spoke with Mark D. Allison concerning a bilateral agreement between the United States and France to help combat global tax evasion. The agreement is the latest effort by U.S. authorities to further enforce FATCA and eventually have stricter global rules on tax disclosures by banks and financial institutions. For more on the story, please visit The New York Times' website.
Excerpt taken from the article.
Mark D. Allison, a tax specialist with the Caplin & Drysdale law firm in New York, said that the I.R.S. is now actively pursuing similar agreements with more than 20 other countries.
Financial institutions are making their own preparations, often at the cost of millions of dollars. "There has been a reluctant resignation by financial institutions as the reality has sunk in that FATCA will move forward," Mr. Allison said Thursday.
________________________________________________
About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.
The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.
With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
202.862.5000
|
New York, NY Office:
600 Lexington Avenue
21st Floor
New York, NY 10022
212.379.6000
|
___________________________
Disclaimer
This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.
Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2021 Caplin & Drysdale, Chartered
All Rights Reserved.