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FATCA Is NOT For Fat Cats - The Foreign Account Tax Compliance Act for U.S. citizens.
The Foreign Account Tax Compliance Act (FATCA), which goes into effect on January 1, 2013 - and you know it'll be here before you blink - was enacted by the U.S. government to minimize the estimated $345 billion of uncollected annual tax revenue stemming from tax evasion of U.S. customers with non-U.S. entities. . . . (to read the remainder of this article, please log in below.)
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