According to zDistrict, the Kuwaiti banks will now be complying with FATCA (Foreign Account Tax Compliance Act) which means any American citizen will have their bank information automatically passed on to the IRS for tax purposes. For Kuwaitis with dual citizenship this might end up being a problem with no easy way out. Check out the post [Here]
The post Have an American Passport? Say hello to the IRS appeared first on 2:48AM - Everything Kuwait.
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