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U.S. Court Dismisses Challenge of the Constitutionality of FATCA

29 April 2016

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United States

On 26 April 2016, the U.S. District Court for the Southern District of Ohio issued its decision dismissing a lawsuit challenging the constitutionality of the U.S. Foreign Account Tax Compliance Act (FATCA) and other foreign bank account report requirements. Initially, the plaintiffs filed a motion for a preliminary injunction barring the U.S. Treasury Department (the defendant) from enforcing FATCA provisions. This request was rejected in a September 2015 Court decision because the plaintiffs failed to show that they had suffered, or were about to suffer, injury as a result of the provisions. Following the rejection, the U.S. Treasury filed a...