MOSCOW, May 17 (RIA Novosti) - Russia’s Finance Ministry and the US Treasury Department should soon finalize an agreement on Russia’s accession to the Foreign Account Tax Compliance Act (FATCA), Russian Finance Minister Anton Siluanov said on Friday.
Russia’s accession to FATCA was discussed during a G20 finance ministers meeting in Washington in April, he said.
“We agreed that this matter will be considered at expert level and our experts will meet and determine the parameters of such an agreement in the very near future,” Siluanov said.
FATCA, designed primarily to combat offshore tax evasion and recoup federal tax revenues, requires individuals to report their financial accounts held overseas and foreign financial institutions to report to the Internal Revenue Service (IRS) about their American clients.
When Russia joins FATCA, Russian financial institutions will be obliged to identify US residents among their clients and report on them and their transactions to US tax agencies.
The fact of registration and authorization of users on Sputnik websites via users’ account or accounts on social networks indicates acceptance of these rules.
Users are obliged abide by national and international laws. Users are obliged to speak respectfully to the other participants in the discussion, readers and individuals referenced in the posts.
The websites’ administration has the right to delete comments made in languages other than the language of the majority of the websites’ content.
In all language versions of the sputniknews.com websites any comments posted can be edited.
A user comment will be deleted if it:
The administration has the right to block a user’s access to the page or delete a user’s account without notice if the user is in violation of these rules or if behavior indicating said violation is detected.
Users can initiate the recovery of their account / unlock access by contacting the moderators at email@example.com
The letter must contain:
If the moderators deem it possible to restore the account / unlock access, it will be done.
In the case of repeated violations of the rules above resulting in a second block of a user’s account, access cannot be restored.
To contact the team of moderators, write to firstname.lastname@example.org