eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

Bulgaria Becomes Latest Country To Sign On To FATCA

Bulgaria is the most recent country to ink a deal with the United States to implement FATCA, the Foreign Account Tax Compliance Act. Passed by Congress in 2010, the law is designed to stomp out offshore tax evasion, by targeting U.S. taxpayers with unreported offshore accounts. Under the law, foreign banks and financial institutions must […]