What Is The Difference Between A NFT And Cryptocurrency? NFTs or non-fungible tokens have taken the global marketplace by storm. NFTs present an exciting and prodigious opportunity for businesses and individuals willing to enter the industry. Understanding the infrastructure behind this new technology is imperative to capitalize on the real-life implementation of crypto-assets. This technology […]
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Foreign Account Tax Compliance Act FATCA Regulations The Foreign Account Tax Compliance Act, or FATCA created in 2010 is a United States federal law that requires non-American financial entities to search their records for connections to the United States. The purpose of FATCA is to encourage more accurate and overall better tax compliance by preventing
46th President of the United States, Joe Biden has announced a three-part program that uses tax policy changes within the United States to fund crucial programs that are designed to modernize the American economy. One part that has been officially enacted was the American Rescue Plan. You can read more about the American Economic Recovery
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American Bank Account There may be many reasons that an individual would want to open up an American Bank Account while being a Citizen of a foreign nation. Starting in 1964 with The Civil Rights Act, it has been possible for private companies and foreign nationals to open up a bank account in the United
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Throughout the world, working people are subjected to taxes by their governments. Some countries are known for taxing higher than others. Countries like the United States and Israel are known for having very friendly tax laws towards entrepreneurs. These countries may be considered tax havens. Wealthy people around the world are known for parking their
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American Economic Recovery The COVID-19 pandemic shook the United States to its core. Since March 2020, the country has experienced stay-at-home orders, work and school closures, and a screeching halt to normal life. Coupled with the fear that comes with a time like this, the economy took a scary turn toward a recession or even
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United States Taxation – An Overview In the United States of America, a tax must be required, imposed by a government, and not tied to the benefit directly received by the taxpayer. Taxation occurs at three levels within American Government: local, state, and federal. What is a Tax Taxes are not optional, unlike other payments
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