Thomson Reuters has launched a product to help firms comply with the Foreign Account Tax Compliance Act (Fatca) by providing modules for client onboarding, self-assessment and reporting.
The American regulation requires non-US financial institutions to report on clients with US tax obligations. The self-assessment module of Thomson Reuters' product uses an interview-based approach to guide individuals and entities to the correct form of Fatca categorization.
"Where [an individual or entity's Fat
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