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US bill aims to crack down on overseas tax cheats
WASHINGTON (AP) — Key lawmakers unveiled a bill Tuesday aiming to crack down on wealthy U.S. tax dodgers hiding money overseas.
The bill would impose new reporting requirements on foreign financial institutions doing business in the U.S., and on American advisers who help U.S. residents make investments overseas. Foreign firms that don't comply would be hit with a 30 percent withholding tax...
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