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Jones Day

AURORA PLACE, LEVEL 41, 88 PHILLIP STREET, SYDNEY, NSW 2000, AUSTRALIA
Tel:
Work +61 2 8272 0500
Fax:
Fax +61 2 8272 0599
Email:
Web:
www.jonesday.com
  • Number of lawyers: 2,500+
  • at this office: 57
  • Languages
  • English
  • French
  • Spanish
  • Member
  • Turnaround Management Association
  • INSOL International
  • AMPLA Limited – the Resources and Energy Law Association
  • International Bar Association
  • Australia America Chamber of Commerce

Above material supplied by Jones Day.

Legal Developments by:
Jones Day

  • US rules regarding offshore accounts

    The Hiring Incentives to Restore Employment Act 2010, enacted on 18 March 2010, imposes a new US withholding tax and reporting regime, known as the Foreign Account Tax Compliance Act (FATCA). The FATCA regime applies generally to payments made after 31 December 2012, except on obligations (to be defined in future guidance) outstanding on 18 March 2012. Substantial effort is required by foreign entities to bring their worldwide operations and policies into compliance with the FATCA rules as of the effective date.

    - Jones Day

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