Skip to main content

  • AddRemove
  • Build a Report 
Legal Update

Foreign Account Tax Compliance Act of 2009

16 November 2009
Mayer Brown Legal Update
On October 27, 2009, Senators Baucus and Kerry, together with Representatives Rangel and Neal, introduced the Foreign Account Tax Compliance Act of 2009 (the “Act”). The bill is the product of consultation between Congress and the US Treasury Department (Treasury) and is intended to curb the abuse of offshore bank and investment accounts by US taxpayers.

Authors

  • James R. Barry
    T +1 312 701 7169
  • Suzanne P. Cartwright
    T +1 202 263 3239
  • Kenneth Klein
    T +1 202 263 3377
  • Russell E. Nance
    T +1 212 506 2534
  • Jonathan A. Sambur
    T +1 202 263 3256

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.