U.S.A.: FATCA : Model I Intergovernmental Agreement signed with Canada
On 4 February 2014, the U.S.A. and Canada signed an Intergovernmental Agreement (IGA), on the basis of a Model I template, in order to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA).
This is the nineteenth FATCA bilateral agreement Model I to be published so far; the previous eighteen 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 and Hungary.
We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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