Tax agreement for American bank account holders thrown into doubt

The Foreign Account Tax Compliance Act requires countries to provide the IRS with information on American bank account holders with over $50,000 in their account.

Campaign workers for U.S. Republican presidential candidate and New Jersey Governor Chris Christie put up an American flag before his town hall campaign stop at the Hampton Academy in Hampton, New Hampshire February 7, 2016

(photo credit: REUTERS)

ByNIV ELIS

SEPTEMBER 4, 2016 18:28

Updated: SEPTEMBER 5, 2016 01:13

Tax agreement for American bank account holders thrown into doubt

The Foreign Account Tax Compliance Act requires countries to provide the IRS with information on American bank account holders with over $50,000 in their account.

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Tax agreement for American bank account holders thrown into doubt

The Foreign Account Tax Compliance Act requires countries to provide the IRS with information on American bank account holders with over $50,000 in their account.

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