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FATCA
FATCA
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2010 Mar 18 |
The final version of the US Foreign Account Tax Compliance Act of 2009 (FATCA) became law as part of the Hiring Incentives to Restore Employment (HIRE) Act. FATCA was due to take effect July 1, 2014. FATCA required foreign financial institutions to spill the beans on American clients, turning it into an enforcement arms of the IRS. Links: USA, Taxes, IRS, Banking, FATCA 
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