ANALYSIS
FATCA Implementation Moving Ahead
(with or without Macedonia)
Author: Veton Qoku, Lawyer, KN Karanovic & Nikolic, LLC
Overview
On the 18th of March 2010, U.S. President Barack
Obama signed the Hiring Incentives to Restore
Employment (HIRE) Act into U.S. law. The Act was
presented as a so-called “job bill” and its main goals
were to provide tax breaks and incentives for businesses to hire unemployed U.S. workers. It also
included a controversial portion called the Foreign
Account Tax Compliance Act (FATCA) which aimed
to reduce tax eva