Treasury to Delay Enforcing Part of Tax Law To Curb Offshore Tax Evasion

``The latest move by Treasury will push back the start of withholding for many types of transactions--such as stock trades--from 2017 until 2019. Withholding for some other types of payments has already begun. The change will give banks more time to come into compliance with FATCA, and governments and the financial industry more time to work out some of the difficult details involved in withholding on more-complex financial transactions. The withholding provision is "the really big stick" in FATCA, said Michael Plowgian, a former Treasury official who is now at KPMG LLP. "The problem with it is that it's really complicated...So Treasury and IRS have essentially punted" and created more time to solve some of the sticky technical issues, he added.''