FATCA and Russia
04: Russia announces a new offshore amnesty program, the anti-FATCA
06: James Jatras lays-out FATCA risk to Russia
31: Russia’s plan to apply counter-sanctions will include a welcome ban of FATCA compliance industry
this list is “in progress” … more to come
It looks like Russia is now trying to become teacher’s pet:
“Russia Aims to Tax Americans”. They are going to planning to take 30% off the top of U.S. persons (although it is not clear whether this is just U.S. residents) to keep the banks out of a trouble.
“…. The Russian financial watchdog believes the American tax law is itself a form of sanctions. The head of the authority believes that such mechanisms can exist, but should be multilateral.
Originally Russia planned a bilateral information exchange with the US over FATCA after the law was passed in 2010 but the US Treasury Department suspended negotiations with Russia in March 2014 over the Ukrainian conflict.