Mizuho Exec: "Asia Has Opportunity To Create Uniform Approach to Fatca"

Hong Kong

The postponement of the start date for the Foreign Account Tax Compliance Act (Fatca) gives Asian countries an opportunity to agree on a consistent approach to the US anti-tax evasion regulation, and prevent operational complications for firms working across the region, an executive from Mizuho Securities told delegates at the Asia Pacific Financial Information Conference last month.

Under Fatca, non-US financial firms will be required to share information with the US Internal Revenue Service (I

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