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Asia funds industry underestimating Fatca impact

Georgina Lee
Local distributors and fund managers are ignoring the cost impact, and some say the new legislation will make foreign financial institutions de-facto tax enforcement agents of the IRS.
Asia funds industry underestimating Fatca impact

Chief operating officers at Asian asset management firms see implementation of the US Foreign Account Tax Compliance Act (Fatca) as one challenge that is most-underestimated by the industry in terms of the implications it could cause to their operations.

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