Next Tuesday, two bankers who now work for Taiwan’s executive branch will meet some people from the Bankers Association (yes, that’s their official name, not Bankers’ Association) in order to get recommendations on how to help banks deal with FATCA. Unsurprisingly, the Bankers Association is recommending complete and total surrender, without even asking for anything in return from the IRS. And the worst part is, the media are barely paying any attention to it. The only coverage I’ve seen at all is an article in Taiwan’s Apple Daily earlier this week, which I’ve translated below.
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