US kicks FATCA deadline down the road; Burma promises central bank freedoms; RBI on derivatives warpath (again)
The US has kicked the deadline to hit FATCA regulations down the road; Burma has promised more central bank autonomy by splitting its ties with the finance ministry; the Reserve Bank of India fiddles again with FX hedging regulations.
FATCA deadline extended for another six months
The US government extended the deadline for the implementation of Foreign Account Tax Compliance Act until July 1 2014, giving banks, insurers, investment funds and other financial institutions more breathing room to comply with the new US tax rule to report on and possibly be taxed on their US-related transactions globally.
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