FATCA: Canada May Have Just Handed Over All Your Bank Info To Uncle Sam
The IRS and Canadian Revenue Agency are teaming up. In fact, the later just sent the former identifying data on 1.6 million Canadian accounts. FACTA: The Who, What, When, Where, Why WHO: An acronym for the Foreign Account Tax Compliance Act, FACTA is a U.S. law that, among other things, requires foreign nations to disclose […]