Cambodia on alert for US taxpayers

27 October 2016
The Phnom Penh Post
American Chambers of Commerce / Banking and financial services policy and regulation
American Chamber of Commerce / Foreign Account Tax Compliance Act (FATCA) / Foreign Bank and Financial Accounts (FBAR) / Internal Revenue Service (IRS) / Oxley Worldbridge Specialized Bank / US Treasury Department

With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions to make sure they are in compliance with US tax laws so as to avoid the discomfort of an IRS probe. …

 Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-alert-us-taxpayers