26-April-2024
Economy News
 
America’s notorious tax-compliance law faces another challenge
09-Oct-2019

When the Foreign Account Tax Compliance Act (FATCA) was passed by America’s Congress in 2010, it was overshadowed by the jobs bill into which it had been shoehorned as a revenue-raising provision. But of the two, FATCA packed the stronger punch. The law, designed to stop Americans stashing money abroad to evade tax, ushered in a global revolution in financial transparency.

News Source:- https://stocksmarket.in/325738/2019/10/05/americas-notorious-tax-compliance-law-faces-another-challenge/
 
 
 

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