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Foreign Account Tax Compliance Act

December 2, 2011

Family offices should already be taking steps to prepare for the introduction of the new US Foreign Account Tax Compliance Act, a leading tax lawyer has warned.

Family offices should already be taking steps to prepare for the introduction of the new US Foreign Account Tax Compliance Act, a leading tax lawyer has warned.

Tom Humphreys, from law firm Morrison & Forester, said family offices need to get in contact with their financial institutions and find out what they are required to provide and when.

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