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More than meets the eye to revised FATCA timeline according to Hong Kong-based legal consultant

For those private banks deriving comfort from the Internal Revenue Service’s (IRS) decision to push back withholding rules, extend grandfathering protection, and clarify the final regulations of FATCA, think again. That’s according to one Hong Kong-based legal consultant, who believes the present holdup is an IRS tactic aimed at buying further time for the signing of intergovernmental agreements (IGA). “The…

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