Is GATCA the new FATCA?
Aug 19, 2014
China signals the inevitability of FATCA
As China signs onto an intergovernmental agreement to comply with US FATCA regulations, questions remain about formats and deadlines, but its reach is inescapable.
China has been included in a list of countries that have reached intergovernmental agreements (IGA) to comply with US Foreign Account Tax Compliance Act (FATCA) implementation, according to a US Treasury Department update on June 26.
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