B.I.S.S. Research and Globe Tax Services, Inc. have jointly launched the Foreign Account Tax Compliance Act (FATCA) accredition to assist financial companies and their treasury departments to achieve FATCA compliance across their enterprise by identifying strengths and weaknesses in their systems and procedures besides establishing a corporate standard.
Poised to attract software suppliers marketing technology solutions for the supranational tax avoidance rules, the accredition includes a series of benchmark tests developed jointly by B.I.S.S. Research and Globe Tax. Gary Wright, Chief Executive Officer of B.I.S.S. Research, states that the introduction of the benchmark tests and accreditation will bring a high degree of certainty and comfort that the system, processes and procedures of financial services firms will be able to fulfill.