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US, France sign deal to fight offshore tax evasion

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AFP Washington
The United States and France have struck an agreement to fight offshore tax evasion, the Treasury Department said today, bringing to 10 the number of countries joining a US campaign.

The US government shutdown last month delayed France's joining the US Foreign Account Tax Compliance Act (FATCA), an anti-fraud weapon aimed at blocking rich Americans from hiding taxable money abroad.

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First Published: Nov 14 2013 | 11:00 PM IST

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