UK-based Red Ribbon receives FATCA approval

Red Ribbon Advisory Services (RRAS), part of U.K.-based Red Ribbon Asset Management, today said it has received the Foreign Account Tax Compliance Act (FATCA) approval, enabling American investors to invest in its incubated projects in India.

FATCA is a United States legislation that primarily aims to prevent tax evasion by US taxpayers through non-US financial institutions and offshore investment



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