tag:blogger.com,1999:blog-6398232680738279469.post2045703145920397159..comments2024-03-12T07:30:17.846-07:00Comments on The Tax Times: United Kingdom Signed Bilateral FATCA AgreementRonald A. Marini, Esq.http://www.blogger.com/profile/14304486100168506240noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6398232680738279469.post-41056120201855528402012-09-18T07:00:26.008-07:002012-09-18T07:00:26.008-07:00David Treitel • David Treitel, Director of London ...David Treitel • David Treitel, Director of London based American Tax Returns Ltd, notes that the agreement:<br /><br /> 1. Requires every tax and financial adviser in the UK with clients who happen to be American citizens or green card holders to think much more seriously about whether all of the complicated forms that the IRS already requires are being filed, given that UK financial institutions will be providing so much more data about their clients to the tax authorities, and<br /><br /> 2. Inevitably will make several UK financial institutions scared of having any US persons as account holders because of extra compliance costs as well as the risk of recommending banking or investment products that are not “US tax friendly”. Ronald A. Marini, Esq.https://www.blogger.com/profile/14304486100168506240noreply@blogger.com