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United States, Latvia sign deal to share tax information

Staff writer |
U.S. Ambassador to Latvia Mark Pekala and Minister of Finance Andris Vilks (Unity) signed an agreement to implement FATCA to promote transparency between the two nations on tax matters.

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These Foreign Account Tax Compliance Act (FATCA) agreements underscore growing international cooperation to end tax evasion everywhere, facilitating mutual assistance in tax matters and desire to improve international tax compliance. FATCA is rapidly becoming the global standard in the effort to curtail offshore tax evasion.

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