Caribbean Export Development Agency head Pamela Coke-Hamilton has expressed concern over the burden the forthcoming Foreign Account Tax Compliance Act (FATCA) is placing on the region’s financial institutions.
Speaking at the recent Caribbean Forum (CARIFORUM) Conference on the International Financial Services Sector in the Caribbean Region in Antigua, Coke-Hamilton said that FATCA “will require US tax authorities to levy a 30 percent withholding tax on foreign financial and
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