Draft Fatca regulations will include reciprocity, experts say

us treasury

Reciprocity is expected to be included in the upcoming draft regulations of the Foreign Account Tax Compliance Act (Fatca), according to industry insiders.

"The US Treasury does understand that reciprocity is important," said one attendee at an event held by the Centre for the Study of Financial Innovation (CSFI) under the Chatham House Rule in London this week. "The UK and other European Union member states have made that point. The Treasury has heard that message loud and clear, so we would

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