US Treasury Eases FATCA Rules; European Countries to Help Collect Data from FFIsThe U.S. Treasury said Wednesday it would ease some of the planned rules in the Foreign Account Tax Compliance Act (FATCA), which will require foreign banks and financial institutions to divulge information about their account-holders to U.S. regulators so that the U.S. taxation body can more easily tax citizens’ foreign assets. Five European governments also have joined the effort, and will help the U.S. to collect the required data rather than foreign institutions in those countries having to report directly to U.S. regulators. ...The full article is available to registered visitors. |
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Mandate Watch
01 Dec 2011- Provider: BNY Mellon
- Client: China Construction Bank
- Asset Value: Undisclosed
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