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The US and Japanese authorities have issued a joint statement to facilitate the implementation of the Foreign Account Tax Compliance Act (FATCA). The statement is intended to clarify the details of the cooperation between the US and Japanese authorities as well as procedures to be taken by Japanese financial institutions regarding the implementation of FATCA.
The Japanese authorities have committed to direct Japanese financial institutions to, amongst other things:
Related Link:
http://www.fsa.go.jp/inter/etc/20130611/01.pdf
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