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FATCA: Trustee-Documented Trusts are not Sponsored Entities

  • picture of Jennie Cherry
    Jennie Cherry
  • picture of Stephen K. Vetter
    Stephen K. Vetter
  • picture of George N. Harris, Jr.
    George N. Harris, Jr.

When the United States and the offshore jurisdictions negotiated intergovernmental agreements (IGAs) in order to implement the Foreign Account Tax Compliance Act (FATCA), they added a category of deemed-compliant foreign financial institution (FFI) that is not in the final FATCA regulations: the trustee-documented trust. August 7, 2014. Download