Daily Archive for December 30th, 2016

Factoring the Costs of FATCA Compliance into the Debate

By Stephen Kangal
December 30, 2016

Stephen KangalIt would appear inevitable that T&T will, in the face of a doomsday scenario, be forced to become FATCA-compliant in the shortest possible time according to the shifting deadlines unilaterally issued by the IRS/Treasury Department. But in quantifying the current and future costs of FATCA compliance one must go beyond the costs to be incurred by individuals, companies, local banks and other financial institutions and the potential loss of their billion-dollar profit margins.
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Little boy that Santa Claus ignored

By Raffique Shah
December 30, 2016

Raffique ShahIf there is one universal truth about Christmas, it is that the festival is about children, most of all their innocence that runs so deep, for two thousand years adults have convinced them that there is a Santa Claus who dwells somewhere near the North Pole, and whose life-mission is to magically materialise toys and gifts that he distributes to little boys and girls across the world during that one night of the year.
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