The stationing of US tax investigators in its Hong Kong consulate signals that America's hunt for taxation evaders has moved to Asia, following years of probes and fines in Europe.
Tag : internal revenue service
The US has offered foreign institutions some relief by extending its deadline for Fatca compliance. But uncertainties remain, with a buyside counsel warning against complacency.
The six-month postponement of the US's Foreign Account Tax Compliance Act allows Asian companies more time to negotiate, but they shouldn't be complacent, PwC cautions.
