Q: Why would FATCA unravel if China doesn’t sign an IGA with the U.S.?
FATCA could, ultimately, unravel if China rejects the IGA because FATCA’s primary strength would come from all governments around the world forcing their financial institutions to become compliant with it.
Should the country which looks set to be the world’s dominant economic super power in a matter of decades rebuff FATCA, the project would be compromised and could, in the end, fail as such a stance would, many experts agree, prompt other countries to do the same.
Q: Why is China playing hardball with the U.S. over FATCA?
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