WASHINGTON: In one week, the United States is scheduled to begin registering foreign financial firms with US customers for a new anti-tax evasion law, despite industry lobbying to secure another implementation delay.
The Internal Revenue Service (IRS) still has not finalised sign-up instructions for the new online portal, due to open by July 15 in one of the last steps toward implementing the Foreign Account Tax Compliance Act (FATCA) of 2010.
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