FATCA Enforcement Has Been Difficult Because the Internal Revenue Service

question 63

Multiple Choice

FATCA enforcement has been difficult because the Internal Revenue Service relies on ________ for reporting purposes.

• A)intermediaries (e.g. ,banks)
• B)employers and employees
• C)foreign countries
• D)personal income tax returns

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Definitions:

Interpretation

The action of explaining the meaning of something or presenting one's conception of an idea, work, or phenomenon.

Truth Value

A characteristic determining the veracity of a statement or proposition as either true or false.

Logic of Statements

The study of principles and criteria of valid inference and demonstration, focusing on the form and structure of arguments.

Bi-conditional

A logical relationship between two propositions where both are either true or false together.