US court dismisses FATCA challenges

A US district court in Ohio dismissed a challenge by US Sen. Rand Paul and several other plaintiffs seeking declaratory and injunctive relief against enforcement of the US Foreign Account Tax Compliance Act (FATCA), the intergovernmental agreements (IGAs) entered into under FATCA, and the Report of Foreign Bank and Financial Accounts (called FBAR) administered by the US Treasury’s Financial Crimes

FULL ARTICLE http://www.cgma.org/magazine/news/pages/us-court-dismisses-fatca-challenges-201614333.aspx

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