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Foreign Accounting Tax Compliance Act’s 2013 Effective Date Due to Consideration of Foreign Law, JCT Staffer Says

April 30, 2010 in Daily Tax Report · Leave a Comment 

The application of foreign law was a consideration when drafting the Foreign Accounting Tax Compliance Act, which contains a reasonable period of time for compliance on the part of foreign banks as a result, a Joint Committee on Taxation legislative counsel said April 29…

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