CCH Briefing Paper Examines Jobs Bill Impact on Offshore Financial Firms

CCH Principal Analyst James Hamilton, J.D., LL.M., has authored a briefing paper titled, "Jobs Bill Places Offshore Financial Firms under Reporting and Tax Regime." Passed by the Senate on March 17, the Hiring Incentives to Restore Employment Act (HIRE), HR 2847, imposes substantial new reporting and tax-withholding obligations on a broad range of foreign financial institutions that could potentially hold accounts of U.S. persons.

Download the briefing paper here.