FATCA
The Foreign Account Tax Compliance Act (‘FATCA’) exists to prevent US taxpayers from hiding their taxable income offshore. US entities (including brokers) and individuals need to check the status of their counterparties when making certain payments in order to ensure the transaction will not result in the payment of undeclared US taxable income. To help our US counterparties meet this obligation, we are making Conduit Reinsurance Limited’s W-8BEN-E available here to evidence our FATCA status [Download here].