| المستخلص: |
The (FATCA) Foreign Accounting Tax Compliance Act to practice activities outside USA and does not have its residence within the state as a permanent establishment and the tax low compliance to notify IRS, in all transactions with the holders of U.S. Citizen, in order to improve tax compliance for purposes related to disclose taxable income for taxpayers of United States (natural persons and Juridical persons), against their investments in financial institutions abroad, and facing the banking sector problem in compatibility and meet the needs of apply the FATCA law, to prepare financial reports and disclose the secrets of his clients for supplying IRS. All transactions and their data and to apply them financial penalties as a result of non-compliance to provide such data, and therefore must to be an amendments, legal and financial information, administrative and marketing. The researcher have scientific research to study the cost implications of making those amendments for the development of the financial reports of the bank documents and contract with the client, and is a reluctance to deal with Egyptian banks, in addition to reconsider the some Act (anti-money laundry), as well as reconsider the tax agreements with the U.S. government, and after the applying study, the results of the statistical data showing the researcher disapproval the hypotheses according of SPSS and the application of the FATCA, lower revenues and then banks decrease their incomes. So decrease the tax revenue for Egyptian Tax Authority (ETA). The results of run the data not afraid outcome of the ETA because most financial assets of USA investments of banks outside of Egypt, not Egyptian banks, and then there is no impact on the revenues of Egyptian banks, and therefore no impact on the income tax. The researcher recommended that the agreement on treatment reciprocal in the application of the requirements of FATCA, with the modifications that have been proposed researcher at the compliance of requirements of the FATCA, of procedural and legislative amendments and financial reporting.
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