Tag: FATCA
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FATCA: Yet another weapon in India’s war against Tax Evasions and Black Money
By Shruti Sharma, Campus Law Centre, Delhi University. The Foreign Accounts Tax Compliance Act, better known as FATCA, is an Act which was enacted in the year 2010 by the United States Congress; it can also be called as American Global Tax law. FATCA basically requires Foreign Financial Institutions (FFIs) to report to the Internal Revenue System…