U.S.A.: FATCA: U.S. Treasury publishes model Notification Letter
On 27 September 2014, the U.S. Treasury Department published a model Notification Letter on their website to inform partner jurisdictions of more favourable terms obtained by another partner jurisdiction.
The FATCA Notification Letter indicates that the U.S.A. – Mexico Intergovernmental Agreement (IGA), signed on 9 April 2014, is currently reflecting the most favourable terms.
The Notification Letter has been sent to the following jurisdictions:
- Canada;
- Cayman Island;
- Costa Rica;
- Denmark;
- France;
- Germany;
- Guernsey;
- Honduras;
- Ireland;
- Isle of Man;
- Italy;
- Jersey;
- Malta;
- Mauritius;
- Norway;
- Spain; and
- United Kingdom.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this TaxFlash does not constitute legal or tax advice. |