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Treasury Proposes FATCA Guidance for Foreign Banks
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'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.