Lobbying against FATCA on Capitol Hill

The countries of the Caribbean Community (Caricom) are facing a major challenge of executing international payments as foreign banks reduce and/or eliminate correspondent banking services to some financial institutions in this region.

This situation has been brought about by the passage by the United States Foreign Account Tax Compliance Act (FATCA) in 2010, the intention to increase tax revenue

FULL ARTICLE http://www.jamaicaobserver.com/editorial/Lobbying-against-FATCA-on-Capitol-Hill_90022

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