Economy News
America’s notorious tax-compliance law faces another challenge

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/