FATCA – Consequences of US Regulations for German Private Equity Companies - Financial Yearbook 2012

By the so-called Foreign Account Tax Compliance Act (FATCA), the US tax authority IRS (Internal Revenue Service) is intervening directly in all transactions with origins in the US. Thus, presumably by the middle of 2013, inter alia, all PE companies that earn any proceeds from US sources must conclude an agreement with the IRS und report the participating US persons, as well as certain related data or, respectively, make a corresponding negative declaration.