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LBC Daily October 28, 2014

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EXCLUSIVE Fiscal Transparency: Latin America’s new challenge Latin American cash outflows to overseas financial centers are about to face one of their biggest obstacles of the past few years as the United States’ new Foreign Account Tax Compliance Act (FATCA) comes into force. According to Banco do Brasil general manager Claudio Prado, investors are worried because banks will be obliged to report their clients’ assets to the U.S. Internal Revenue Service, who in turn will share that data with the tax agencies of the countries where those investments originated. LBC reports.   Chile seeks to expand cooperation with Europe German […]
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