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NAPF urges watertight Fatca exemption

01 May 2012


Fatca exclusion for schemes as currently outlined in the proposals is not clear enough, says the NAPF

Read more: Fatca NAPF

The US Internal Revenue Service (IRS) must make it crystal clear that workplace pensions will be exempt from the Foreign Account Tax Compliance Act (Fatca) to avoid creating confusion among pension schemes, the UK’s biggest pensions trade body has urged.

In its response to the IRS consultation on the proposed US...