Prof. William H. Byrnes dissects the compliance considerations FATCA brings, further to the 550 pages of final form published on 17 January 2013. He reveals that the global costs of FATCA range from hundreds of millions of dollars to billions and observes that other studies suggest the estimated implementation costs of FATCA can amount up to USD235 million per institution. He reflects that some observers have predicted that the cost of compliance for foreign institutions will greatly exceed the tax revenue the United States will collect.
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