ECONOMY - FINANCE - BUSINESS / (ae) taxation

Banks complain about FATCA rules

Brussels, 06/02/2013 (Agence Europe) - In Rome, Italy, on 1 Feburary 2013, European banking experts, representatives of member states' tax departments, the OECD and the European Commission examined the implications of the United States' FATCA (Foreign Account Tax Compliance Act) on assets owned by American nationals outside the United States. They addressed the issue at a conference organised by the European Banking Federation (EBF). EBF Director General Guido Ravoet said that, when drawing...