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ANALYSIS: Foreign Investment Vehicles and the New Foreign Account Tax Compliance Rules of the HIRE Act

March 31, 2010 in Daily Tax Report · Leave a Comment 

The Hiring Incentives to Restore Employment (“HIRE”) Act signed into law on March 18, 2010, added new chapter 4 to the Internal Revenue Code. 1 Chapter 4 provides for information reporting by third-parties of certain U.S. accounts held in previous hitforeignnext hit financial institutions (“FFIs”).

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