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Recommendations are being prepared, say industry associations
Before an audience of almost 200 finance professionals gathered at the Chamber of Commerce for a 1 April KPMG Luxembourg conference, industry associations gave reassurance that – although ink only touched paper 3 days ago – the preparation of FATCA guidelines was already well underway long before Luxembourg’s agreement with the United States on the automatic exchange of information was signed.
Gérard Laures, KPMG Tax Partner and Chairman of the Association of the Luxembourg Fund Industry (ALFI) working group on FATCA, explained: “80 pages of ALFI guidelines in the form of FAQs”
“The ALFI working group is working intensively on guidance in the form of FAQs. The...
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