Amid Uncertainty from Regulators, Insurance Industry Can Still Prepare for FATCA Compliance, Says PwC US

Amid Uncertainty from Regulators, Insurance Industry Can Still Prepare for FATCA Compliance, Says PwC US

August 30, 2011, 9:00 am

According to PwC US's Ready, Set, FATCA report, the Foreign Account Tax Compliance Act , a government effort to fight tax evasion that requires financial institutions to disclose U.S.-owned accounts to tax authorities or face a 30 percent withholding tax, has broad implications and presents significant challenges for many insurers.