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Parliament go-ahead for US tax accord

Bahrain News
Wed, 06 Dec 2017
By Mohammed Al A’ali


PARLIAMENT yesterday gave the go-ahead for an agreement between Bahrain and the US to implement the American Foreign Tax Compliance Act (FATCA). Twenty-two MPs approved the agreement while the rest either rejected it or abstained from voting on it over worries that FATCA would be applied on Bahrainis in the US, meaning they would have to pay 30 per cent as income tax or on the basis they just hate the US.

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