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FATCA Seen To Impact All Financial Firms In Kuwait
The US Department of Treasury and Internal Revenue Service (IRS) issued the guidance for non-US financial institutions and US withholding agents to implement the provisions of the “Foreign Account Tax Compliance Act” (FATCA). Fundamentally, FATCA is a US tax information, reporting and withholding regime, where the purpose is to ensure…
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Click here to read the full story: Arab Times Online