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U.S. says 77,000 banks, firms sign up to fight tax evasion
Reuters: About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday.
Deputy Assistant Secretary for International Tax Affairs Robert Stack said in a statement that the high level of registrations so far showed "strong international support" for the law, set to take effect on July 1.
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