The Foreign Accounts Tax Compliance Act (FATCA) will put pressure on offshore companies seeking to do business in the Caribbean, says Barbados Prime Minister Freundel Stuart.
FATCA requires foreign financial institutions (FFIs) to register with US tax authorities and report information on accounts housing the assets of US taxpayers. Failure by a foreign financial institution to sign an agreement with the Internal Revenue Service (IRS) and disclose information would result in a
No comments:
Post a Comment