Transatlantic tussle over US tax mounts

Article reports that a transatlantic tussle was mounting in April 2011 over anti-tax evasion measures imposed by Washington but which European financial institutions say could cost them billions of euros to implement.

European Banking Federation: Comments on Notice 2010-60 Providing Preliminary Guidance on FATCA, November 2010 http://www.ebf-fbe.eu/uploads/documents/positions/FinReporting/3%20December%202010-D2058A-2010-Fiscal-USTaxIssues-EBF-IIB%20Letter%20to%20US%20Treasury-IRS%20on%20Notice%202010-60.pdf

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