NZ banks, fearing NZ$100 mln bill, work with Australian, Canadian and British on changing ‘unworkable’ US Foreign …

By Gareth Vaughan

The New Zealand Bankers’ Association (NZBA) is working with its Australian, Canadian and British counterparts as it battles to get the United States government to alter tax proposals that the New Zealand bank lobby group fears could cost the industry here NZ$100 million to comply with.

The US law in question is the Foreign Account Tax Compliance Act

FULL ARTICLE https://www.interest.co.nz/news/55211/nz-banks-fearing-nz100-mln-bill-work-australian-canadian-and-british-changing-unworkable?page=2

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