Comment and analysis from James George Jatras of RepealFATCA.com
Washington, February 8, 2013
If anyone had any thought that China would go along with FATCA, forget it.
As noted in Risk.net, China has little incentive to comply with FATCA (the Foreign Account Tax Compliance Act) or to sign an intergovernmental agreement (IGA) with the U.S. In fact, Beijing has every incentive – and ability – to tell Washington to get lost. Continue reading