Ministry reports US spy agencies' latest attempt to recruit Russian worker was on Jan 14Russian Politics & Diplomacy January 18, 21:57
Austria’s president-elect says he is ready to maintain good relations with RussiaWorld January 18, 21:50
Putin briefs Merkel, Hollande on steps to implement Syrian ceasefireRussian Politics & Diplomacy January 18, 20:39
Putin, Merkel, Hollande agree to give fresh impetus to Normandy Four activitiesRussian Politics & Diplomacy January 18, 20:26
Russian Eurobonds may be floated in spring 2017 — finance ministerBusiness & Economy January 18, 19:48
Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
WASHINGTON, July 01. /ITAR-TASS/. The US still has no plans to restart talks with Moscow on Russian banks joining the Foreign Account Tax Compliance Act (FATCA) as the the law comes into effect on Tuesday, a US Treasury representative said during a news conference.
“We have suspended our talks on FATCA with Russia, and they are still being suspended,” he said.
Under FATCA terms, banks must send information about US clients and their transactions to the Internal Revenue Service (IRS) to avoid tax fraud committed by US citizens. There is an alternative option which includes banks’ reports to national governments instead of the US tax service, provided that the country has an intergovernmental agreement with the US.
In April, the US halted talks with Russia on its banks joining the act, and in May Assistant Secretary of the US Treasury Daniel Glazer said that the American government is not considering restarting talks with Russia due to political controversies over the Ukrainian crisis.