New tax policy, a hard nut for tax evaders in the US

Tax evasion may be America‚Äôs biggest game of hide-and-seek, especially when it comes to people who park their money in offshore tax havens. In 2010, President Obama signed one of the toughest laws ever on the issue. The Foreign Account Tax Compliance Act, or FATCA, required all foreign financial institutions to automatically provide the Internal … Continue reading New tax policy, a hard nut for tax evaders in the US