Russian Banks to Help U.S. Tax Service After New FATCA Law Passed

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times – themoscowtimes.com – June 23, 2014) The State Duma on Friday passed legislation allowing Russian banks to pass information on their U.S. clients to the U.S. tax service, as demanded by FATCA, a law that drags banks around the world into the U.S. fight against tax evasion. But lawmakers were not keen to bend over backwards for the […]

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RIA Novosti: Moscow, Washington Will Not Postpone FATCA Agreement – Russian Finance Minister

Anton Siluanov file photo

MOSCOW, March 26 (RIA Novosti) – Tensions between Moscow and Washington will not derail the two countries from signing an agreement on the Foreign Account Tax Compliance Act or FATCA, Russia’s Minister of Finance Anton Siluanov said Wednesday. “It will be all right. We will undertake all necessary steps for our banks to provide information about American taxpayers,” Siluanov said. […]

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Russia might adopt Foreign Account Compliance Tax Act in 2014

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Russia Beyond the Headlines – rbth.ru – Tatyana Lisina, special to RBTH – June 17, 2013) Despite initial reluctance, Moscow might help the U.S. hunt down tax evaders.   Russia appears to have finally yielded to American pressure to adopt a tax dodgers’ law known as the Foreign Account Tax Compliance Act (FATCA). Arguments advanced by Russian economists may have […]

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