International Business Attorneys: DBS's Gupta Says U.S. ...

Posted on February 10, 2012 by The Victoria Law Group

The U.S. is working on a framework to allow financial institutions in France, Germany, Italy, Spain and the U.K. to report information about Americans under the Foreign Account Tax Compliance Act to their own governments rather than to the Internal Revenue Service, the Treasury Department said on Feb. 8. Asia-Pacific banks face challenges implementing FATCA because of their diverse jurisdictions, according to Ernst & Young.

Read ?Bloomberg article by Sanat Vallikappen here:

http://buswk.co/AysX6j

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Source: http://miamiinternationalbusinessattorneys.com/2012/02/10/international-business-attorneys-dbss-gupta-says-u-s-compliance-easing-may-favor-european-banks/

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