Advertisement Despite several delays, it seems almost certain that the “Foreign Account Tax Compliance Act”1 (FATCA) will finally go into effect on July 1, 2014. FATCA is a withholding tax regime designed to prevent U.S. taxpayers from hiding income offshore and avoiding U.S. taxes. FATCA’s impact will need to be considered in most cross-border transportation finance … Continue reading Get the FATCA Outta Here? Not Likely. – Foreign Account Tax Compliance Act