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Tax Law Blog: The Impact of FATCA

The U.S. government loses an estimated $150 billion in revenue each year from offshore tax shelters. The Foreign Account Tax Compliance Act (FATCA), which became law in March 2010, is designed to prevent tax evasion by U.S....more

1/2/2014  /  FATCA , FBAR , FFI , IGAs , Income Taxes , IRS , Tax Evasion , U.S. Treasury
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