FATCA quick poll results

The Foreign Account Tax Compliance Act has broad reach. This US tax legislation is designed to capture all potential tax revenue that is payable on the worldwide income of US persons—basically, to stem tax evasion.

The regulations require non-US financial institutions to enter into agreements with the US Treasury by June 30, 2013. But in the absence of final rules, how are organizations around the world preparing? Or are they?

RBC Dexia’s quick poll surveyed 217 organizations worldwide to gauge awareness and preparedness—a ‘temperature check”. The results reveal some interesting trends and perspectives. In fact, European respondents seem to be ahead of the curve.

For more insights, read our feature report.

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  • ▪  English version
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