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Nordic banks push for Fatca deal

Nordic banking associations open Fatca reciprocity talks

Angela Foyle at BDO

The push for reciprocity under the US Foreign Account Tax Compliance Act (Fatca) is gaining pace, with banks in four Nordic countries now also urging their national governments to facilitate bilateral agreements with the US.

The reciprocity agreements will allow foreign financial institutions to report US customer data to their national governments, rather than directly to the US Internal Revenue

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