It will help to clear the air and point the way forward by helping our financial institutions, which  1  As per FATCA, a passthru payment is any withholdable payment or other payment to the extent attributable to a withholdable payment  BIS central bankers’ speeches  3  would be impacted by FATCA, to gain an in-depth understanding of this piece of legislation.
It is in this same perspective that the Bank of Mauritius and the MBA have recently set up a Joint Working Group to evaluate the impact of FATCA on banks in Mauritius. On a concluding note, may I draw your attention to the fact that so far, the US is the only country which taxes its citizens on the basis of nationality.