U.S.A.: FATCA : U.S.A. and Australia sign Model I Intergovernmental Agreement
On 28 April 2014, Australia and the U.S.A. signed an Intergovernmental Agreement (IGA) under Model I to improve international tax compliance with respect to the U.S. Foreign Account Tax Compliance Act (FATCA).
This is the twenty-fifth FATCA bilateral agreement Model I to be published so far; the previous twenty-four were signed between the U.S.A. and, individually, The United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany, France, Costa Rica, Cayman Islands, Guernsey, Jersey, the Isle of Man, Italy, Mauritius, The Netherlands, Malta, Hungary, Canada, Finland, Luxembourg, Honduras, Estonia and Belgium.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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