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The regulations for the US Foreign Account Tax Compliance Act were announced earlier this month, and Asian financial institutions can no longer play wait-and-see, according to PwC. The proposed regulations for the US Foreign Account Tax Compliance Act (Facta) were finally issued on February 8, and they will significantly affect foreign financial institutions (FFIs), including those in Asia, according to …
Read More »Asian finance firms face a hefty Facta compliance burden
