IDC Adds Data on Fatca Withholding Obligations
Data and pricing vendor Interactive Data has launched a service to help its clients comply with the US Foreign Account Tax Compliance Act (Fatca) by identifying instruments that are generating US-sourced income.
When it comes into force, the US anti-tax evasion regulation will require financial firms to withhold tax on US-sourced income to entities that do not meet the requirements of the Internal Revenue Service. Interactive Data's service helps firms manage this requirement by classifying
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