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Treasury to Treat Jurisdictions with FATCA Agreements in Substance as Agreements in Effect to Prepare for Start of Law
The Treasury Department and the Internal Revenue Service (IRS) announced that more jurisdictions will be treated as having intergovernmental agreements (IGAs) under FATCA.
Here are some excerpts from the Treasury Department… 290 more words
IRS Commissioner Koskinen says budget cuts will limit the government’s ability to use information supplied by other governments under FATCA to track down tax evaders. Congress enacted FATCA in 2010 to target U.S. 73 more words
The US Securities & Exchange Commission has reported that Apple, Cisco Systems, Google, and Microsoft hold billions in US Treasury securities and in US government agency debt in accounts overseas. 181 more words
A multi-year investigation of Credit Suisse found that the Swiss banking giant held funds for more than 22,000 United States taxpayers. To date, Credit Suisse has only provided the US government with the names of about 230, due to Swiss government restrictions. 463 more words