U.S.A.: FATCA : Model I Intergovernmental Agreement signed with the Cayman Islands
On 29 November 2013, the U.S.A. and the Cayman Islands 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).
The text of the signed agreement has been published on the website of the U.S. Treasury.
This is the tenth FATCA bilateral Model I agreement to be published so far; the previous nine were signed between the U.S.A. and, individually, the United Kingdom, Denmark, Mexico, Ireland, Norway, Spain, Germany, France and Costa Rica. We continue to monitor the implementation of FATCA and will provide more information as it becomes available.
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