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Final Fatca regulations fail to include draft FFI agreement

Hotly anticipated final Fatca regulations leave industry disappointed and without an agreement for non-IGA FFIs

regulation

Final Foreign Account Tax Compliance Act (Fatca) regulations have left the industry questioning what the agreement will look like between the US Internal Revenue Service (IRS) and foreign financial institutions (FFIs) in jurisdictions that are not subject to intergovernmental agreements (IGAs). The regulations – released late last week – do not contain either a draft or final copy of the agreement

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