John Lillis: Privacy, Compliance, Reciprocity Concerns in Foreign Account Tax Compliance Act

February 16, 2012
Steve Stanek

The United States government is trying to force overseas financial institutions to comply with this nation's demands for information on US account holders, regardless of the laws and customs of the foreign countries. Tax expert John Lillis of the White & Case law firm in New York discusses the implications for financial privacy, business compliance costs, and reciprocity.