t***u
发帖数: 20182 | 1 逃不掉了
WASHINGTON—The U.S. Treasury said it initialed an agreement with China to
help implement a 2010 federal law aimed at curbing offshore tax evasion.
The two countries agreed on the terms, but are scrutinizing the fine print
before officially signing it. The move helps the U.S. government's effort to
put the complex regulatory plan into practice while avoiding disruptions in
commercial transactions with other major economies.
The law requires foreign banks to start turning over information about U.S.-
owned accounts to the Internal Revenue Service. It would force banks around
the world to withhold a share of many types of payments to any institutions
that aren't in compliance with the law, the Foreign Account Tax Compliance
Act, or Fatca.
The U.S. has been signing agreements with foreign governments to help
implement the law. The agreements allow banks to turn over account
information to their own governments instead of handing it directly to the U
.S.—a potential violation of privacy rules in some countries. The U.S. has
signed or initialed agreements with about 80 countries, including almost all
major economies, a senior Treasury official said.
Chinese officials in the past have expressed concerns privately about the
potential burdens of complying with Fatca. But the U.S. has used the
intergovernmental agreements to simplify compliance. The U.S. and China
entered into a type of reciprocal agreement that will give the U.S.
government information on U.S.-owned financial accounts, and the U.S. in
turn will provide banks' information on Chinese residents' U.S. accounts.
Still, significant challenges remain in getting the global information-
reporting system up and running. Around 80,000 banks and other financial
institutions have agreed to start reporting the data on U.S.-owned foreign
accounts. But banks have been nervous about being ready by the July 1 start
date.
The U.S. recently announced it would ease enforcement for 2014 and 2015. The
government said as long as firms are making a good-faith effort to comply,
the U.S. won't rigorously enforce many of the requirements in 2014 and 2015. | a*****s
发帖数: 8146 | | d*****r
发帖数: 3762 | | d*******3
发帖数: 6550 | | d*******o
发帖数: 5897 | 5 中美达成共识，中国贪官逃到美国可以，但要给IRS上贡以保全家安康 |
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