FATCA: lack of US independence day

The first day of the month brings the first hard deadline for the US tax scheme, which seeks to identify the American customers of financial institutions globally.

FATCA: lack of US independence day

July 4 is US Independence Day July 1 is most definitely not.

The first day of the month brings the first hard deadline for the Foreign Account Tax Compliance Act FATCA, which seeks to identify the American customers of financial institutions globally.

FATCA is effectively the latest US effort to clamp down on tax havens and tax evasion, which costs countries billions of dollars each year the US alone is estimated...

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