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Congressional Tax Proposals May Significantly Impact the Global Financial System
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November 6, 2009
Previously published on November 2009
On October 27, 2009, the Chairmen of the House Ways and Means and the Senate Finance Committees introduced identical legislation ostensibly aimed at offshore tax evasion. The bill is titled the "Foreign Account Tax Compliance Act of 2009" (the Act). The Act has already earned the nickname "FAT CAT" based on its acronym.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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