Legal
UK FATCA: Reporting requirements for bermuda trusts by Stacy-Ann Maharaj, Appleby
In her article, Stacy-Ann Maharaj discusses how financial institutions in Bermuda, such as banks and trust companies, will soon be obliged to provide information to foreign tax authorities relating to US FATCA and UK FATCA, which may have unexpected consequences for Bermuda trusts, including trusts with tenuous US/UK connections.
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