The U.S. Department of the Treasury and Internal Revenue Service (IRS) today released the last substantial [package of regulations]( necessary to implement the Foreign Account Tax Compliance Act (FATCA). *“Offshore tax evasion undermines confidence in our tax system and deprives the United States of revenues necessary to protect and provide for its citizens,”* said Secretary Jacob J. Lew. *“There is significant momentum to implement FATCA across the globe, and we will continue to work closely with our international partners to combat these illicit activities and raise global tax standards.”*

Click [here]( for the FATCA web page and download Treasury’s fact sheet below.