Nordic banks push for Fatca deal

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 Service (IRS). When the draft Fatca regulations were released in February this year, the UK, Spain

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