Friday, November 7, 2014

November's Published FATCA GIIN List

As of October 27, 2014 GIIN registrations reached 116,104 FFIs!  But not looking too good actually. A jump of 12,000 is as good as the past three months combined, so that's indicative that FATCA GIIN registrations may be moving toward an upswing.  To reach at least a 50% level of FATCA compliance by year's end, the GIIN list must double in the next 25 days.  Likely?  Not based on the lack of support of many revenue authorities around the world (e.g. Turkey, India, China) that want to work out certain aspects and implementing regulations for the IGAs in place.  
Non-IGA Countries = 149

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