FATCA Leads to Stricter Reporting and More Taxation for Non-US Mutual Funds

By: Tracie Frost

In July we reported that India and the United States signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA). The agreement is designed to increase transparency between the two nations on tax matters and took effect September 30, 2015.  We are now seeing the results of this agreement on U.S. residents and Green ard holders

FULL ARTICLE http://www.india-briefing.com/news/fatca-leads-stricter-reporting-taxation-non-u-s-mutual-funds-12126.html/

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