Bank CFOs watch out: FATCA compliance will hurt
May 28, 2012
FATCA first steps
The last remaining Asian jurisdictions agreed in substance to comply with US FATCA, last week. Corporates should analyse entities in group companies for FATCA status.
With Macau, the Philippines, and Cambodia rounding out the list of countries that have agreed to the US Foreign Account Tax Compliance Act (FATCA) on November 30, dragging heals on compliance is less and less feasible for treasurers and CFOs in Asia-Pacific.
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