By Kim Dixon
WASHINGTON, Oct 27 (Reuters) – U.S. Democrats aim to stop rich Americans from hiding assets offshore to evade taxes by slapping penalties on individuals and foreign banks, according to legislation introduced in the U.S. Congress on Tuesday.
U.S. tax bill demands reporting by banks, rich to fight offshore evasion
S.Korea mulls controls on foreign banks’ forex liquidity
SEOUL, Oct 16 (Reuters) – The South Korean government is considering controlling foreign currency liquidity at branches of foreign banks in the country to cope with potential financial market crises, a senior finance ministry official said.
India cbank: freer foreign bank entry undecided
MUMBAI, Sept 10 (Reuters) – India’s central bank is unable to decide on precise timeframe for freer entry of foreign banks into the country, its governor Duvvuri Subbarao said at a banking conference on Thursday. (more…)
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