Obama Budget Includes Reciprocal U.S. FATCA Information

 
Worldwide Tax Daily
April 11, 2013

Douglas S. Stransky was quoted in an article entitled "Obama Budget Includes Reciprocal U.S. FATCA Information Reporting," published in Tax Analysts Worldwide Tax Daily on April 11, 2013. In the article Mr. Stransky comments on the international tax provisions in the President's FY 2014 budget proposal. Mr. Stransky remarked that the "administration should be 'applauded' for consistency for proposing the same international reform proposals in each year's budget." He also noted "that the measures would add more complexity in the international tax area," highlighting certain proposals in the foreign tax credit area that heaps additional complexity on top of complexity.