China may strike Fatca agreement

Apr 7, 2013

Punitive taxes for non-compliance, and other areas of leverage, could mean Beijing comes to an intergovernmental agreement with the US.

Amid fierce opposition to the US’s Foreign Account Tax Compliance Act (Fatca), there is widespread scepticism that China will comply with the rules. And yet there are reasons to believe the two countries might strike some kind of deal.

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