FATCA: muddled data storage practices expected to hinder FATCA compliance efforts, according to Fenergo report Under the US Foreign Account Tax Compliance Act (FATCA) financial institutions based in non-US countries are required to provide US tax authorities with details of accounts belonging to US taxpayers. The legislation, due to take effect from 30 June this year, is part of a US crackdown on US citizens using foreign financial institutions to avoid paying tax in the country. http://bit.ly/XEKmYn Source: http://www.out-law.com/en/articles/2013/january/muddled-data-storage-practices-expected-to-hinder-fatca-compliance-efforts-according-to-new-report/ See if people are clicking on this link: http://bit.ly/XEKmYn+ Try the bitly.com sidebar to see who is talking about a page on the web: http://bitly.com/pages/sidebar List archives at http://lists.ufl.edu/archives/recmgmt-l.html Contact [log in to unmask] for assistance To unsubscribe from this list, click the below link. If not already present, place UNSUBSCRIBE RECMGMT-L or UNSUB RECMGMT-L in the body of the message. mailto:[log in to unmask]
