Still not FATCA-ready

Recently a number of Bankers held a news conference highlighting the lack of legislation that would allow TT to become FATCA (Foreign Account Tax Compliance Act) compliant. The concerns expressed revolve around the consequences of non-compliance for our country such as the inability to engage in international trade and a 30 per cent withholding tax implemented on US dollars

FULL ARTICLE http://www.newsday.co.tt/businessday/0,230193.html

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