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Nigel Green, CEO and founder of the deVere Group, thinks a rebuff from China could cause other countries to reject the international agreements needed for FATCA compliance.
The Foreign Account Tax Compliance Act (FATCA) could unravel if the U.S. and the People’s Republic of China fail to sign an intergovernmental agreement (IGA) giving the IRS the right to enforce the new tax compliance for foreign assets and offshore accounts, says Nigel Green, CEO and founder of the deVere Group, a global financial...
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