“The Russian government may place ‘limitations’ on the amount of information that Russian banks can render to U.S. tax authorities under FATCA, a U.S. federal law intended to crack down on tax avoidance by U.S. citizens, Deputy Finance Minister Alexei Moiseyev said Thursday. Moiseyev told journalists in St. Petersburg that Russia will not become ‘tax agents for the Americans, that will not happen under any circumstances,’ Interfax reported. The U.S. in April quit negotiations with Russia over FATCA as part of a freeze on political cooperation following Russia’s annexation of Crimea in March, leaving the Russian government scrambling to adapt its laws to the legislation by July 1.”
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