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Private banks in Asia need to renew their FATCA agreements by month’s end

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Private banks and wealth managers in Asia have a “crucial window” of just 11 days to renew their US tax agreements in order to remain participants of the foreign account tax compliance act (FATCA), a tax consultant says. Given the high number of US expats in Hong Kong and Singapore, the US Internal Revenue Service (IRS) has “focused its attention”…

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