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32 OM Ob) Oo Which of the following statements about the US Foreign Account Tax Compliance Act (FATCAIS TRUE Canadian investment funds must report information

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32 OM Ob) Oo Which of the following statements about the US Foreign Account Tax Compliance Act (FATCAIS TRUE Canadian investment funds must report information about us persons to the Internal Revenge Service RS), Since FATCAIS a US law, non-compliance by Canadian investment funds cames no adverse consequences FATCA targets tax evasion by United States taxpayers who use foreign accounts to hide their income from the US government FATCA is part of the global offensive against money laundering Od

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