TD Bank Seeks Exception Under FATCA

TD Bank Financial Group commented on preliminary guidance issued regarding the Foreign Account Tax Compliance Act.  In the comments submitted, TD Bank sought an exception to the reporting and withholding requirements for accounts in countries subject to high tax rates and where adequate information about nonresidents is shared with the U.S.

See "Financial Group Seeks Exception Under Guidance on FATCA Reporting, Withholding Requirements," 2010 TNT 215-57 (November 1, 2010).

Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.