No FATCA expansion: CUNA, World Council tell Congress – CUInsight

CUNA and the World Council of Credit Unions wrote to congressional leadership Tuesday opposing any increase in Foreign Account Tax Compliance Act (FATCA) reporting requirements on U.S.-based credit unions and banks. FATCA is designed to target non-compliance by U.S. taxpayers with foreign accounts.

“We urge you to oppose further domestic expansion of FATCA



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