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2013 Jan 17 – Foreign

Foreign financial institutions given reprieves in US, sort of …
Thailand: The Nation (17 Jan 2013)


Interim IRS announcements “only alleviate the immediate panic based on the unrealistic mid-2013 deadlines. … The IRS has also only engaged with a limited number of countries, leaving FFIs in all other jurisdictions to fend for themselves in establishing a direct relationship with the US tax agency. … What was a mild sense of panic has now been reduced to a sense of futility mixed with the recognition that FFIs need immediately to initiate their Fatca programmes if they want to have the on-boarding processes in place and signed off in time to meet the new deadline of December 31, 2013.”

Written by usxcanada

17 January 2013 at 7:00 am

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