1. 'Inevitable glitches' ahead for U.S. anti-tax evasion law: IRS

    WASHINGTON (Reuters) - A new U.S. anti-tax evasion law, set to take effect on July 1, will encounter "inevitable glitches," said the head of the U.S. Internal Revenue Service on Monday, adding that the IRS will be sympathetic to banks doing their best to comply.

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  2. Quotes

    1. We've held firm to the July 1 deadline because it's already been extended.
    2. The question is: How do we deal with the inevitable glitches along the way?
    3. We will be understanding of those problems as long as those (financial) intermediaries are making reasonable, good faith efforts to comply.