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5 nations join US in tax evasion crackdown

from Forbes

If you thought the world was becoming a smaller place before, get ready. The U.S. Treasury — jointly with France, Germany, Italy, Spain and the U.K. — issued a statement expressing the intent to implement a government-to-government Foreign Account Tax Compliance Act framework. With nice timing, this notice was paired with the parallel release of massive proposed regulations to implement FATCA. more

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