Regulatory Corner: A “truly multilateral” FATCA to make tax compliance top priority

9 April 2014 | 1 minute read

Michael Olesnicky, head of Baker & McKenzie’s Asia Pacific tax practice talks about what concerns the industry most, from a regulatory perspective. “With the G20 having now resolved to extend FATCA (Foreign Account Tax Compliance Act) to all countries and make it truly multilateral, the level of reporting and compliance obligations on banks, dealers and trustees is going to increase exponentially. The G20…

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