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The Harte Hanks Blog

FATCA: the tip of the tax exchange iceberg

By Simon Knight

The Foreign Account Tax Compliance Act (FATCA) finally became a reality on the 1st July; FATCA is a US tax avoidance measure which came about after the financial crisis at the end of the last decade. It requires Foreign Financial Institutions (FFI’s) to identify U.S. citizens, report on their income and assets and, in some circumstances, withhold on payments to account holders.

Read More >> Source: Trillium Software

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