EU Looks for a Symmetric Exchange of Information Under US FATCA

Written by Arturo Meza, Foreign Associate at CK Tax Services However, according to experts, this exchange has not been reciprocal since FATCA came into effect, so European countries do not receive similar information from US banks about European taxpayers. The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 by Congress, requires foreign financial institutions […]

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