The Cayman Islands and Costa Rica have become the 11th and 12th jurisdictions to sign bilateral intergovernmental agreements (IGA) with the US for the implementation of the Foreign Account Compliance Act (FATCA). And soon there could be at least 28, which are being used as the mechanism to clamp down on undeclared assets held by US citizens with foreign financial institutions (FFIs).
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process