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Michael Cohn writes in AccountingToday how our government has signed “competent authority arrangements” with the U.K. and Australia to fight against tax evasion under the FATCA. Click the following link to read more about what this will result in and what requirements have now been implemented. https://www.accountingtoday.com/news/tax-practice/us-signs-tax-pacts-with-uk-and-australia-75896-1.html
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