China tipped to sign Fatca agreement by July
Despite initial pushback, China would seem to have little choice but to comply with the US’s far-reaching tax laws come next summer, say industry observers.
China is thought to be ready to sign an agreement under the US’s Foreign Account Tax Compliance Act (Fatca) after an initial backlash from mainland authorities.
By the time the far-reaching rules come into effect in July, China will be on board, says Jim Calvin, Asia-Pacific Fatca leader at consultancy Deloitte. And other industry observers AsianInvestor spoke to take the same view.
Speaking at the International Transfer Agency Summit in Hong Kong yesterday, Calvin argued that C…
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