US and China could play ‘fiscal chicken’ under Fatca, expert warns
China's absence from IGA negotiations could mean a standoff once withholding starts
China's absence from a list of 50 countries negotiating intergovernmental agreements (IGAs) with the US Internal Revenue Service (IRS) under the Foreign Account Tax Compliance Act (Fatca) could lead to a standoff between the two states once withholding starts, a legal expert has warned.
This month the IRS released a list of 50 countries that are on the road to signing an IGA – either finalising models for IGAs, engaged in dialogue for pursuing an IGA or conducting initial negotiations. China was
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