OVDP Sunsetting on September 28 — New Procedures On The Horizon

  • Non-compliant foreign financial institutions face a mandatory 30% withholding on payments from U.S.-based financial institutions.
  • FATCA also beefed-up the ability of the Department of Justice to prosecute financial institutions criminally who were assisting U.S. taxpayers with tax evasion.

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Michael DeBlis

Michael DeBlis

21 Followers

Michael is an attorney specializing in entertainment law and a professionally-trained actor. He is a partner in the law firm of DeBlis Law.