Category: Intergovernmental Agreement (IGA)

Latest IGA Roundup

Over the past few weeks, the following countries have finalized their IGAs… Model 1: Estonia Belgium Australia Jamica Gibraltar Liechtenstein Model 2: Austria Please visit our Partner Country Status page for the text of these IGAs and the complete list of all outstanding IGAs. All pages and information contained therein are subject to this Disclaimer.

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Six More IGAs to Finish Out Year

The Treasury Department has been busy wrapping up some additional Intergovernmental Agreements before year-end.  The following IGAs have been finalized: Jersey Isle of Man Guernsey Netherlands (excludes Aruba, Curacao, and Sint Maarten) Malta Bermuda These 6 represent a 50% increase in the total IGAs finalized and brings the total to 18.  A number of EU […]

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Cayman Islands and Costa Rica Finalize IGAs

After recovering from a full Thanksgiving meal, the Treasury Department finally released the finalization of the Cayman Islands IGA (Model 1B) and Costa Rica (Model 1A).  Given the large financial hub that the Cayman Islands serves, this agreement serves as solid start in the right direction for the many many foreign financial institutions domiciled there. […]

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France Enters into Model 1A IGA

The Treasury Department has just released the language of the final IGA between the United States and France.  Because of the Model 1A nature of the IGA, reporting entities must report the required information to their own country’s competent authority.  From here, the governments will exchange information between each other. The language of the IGA […]

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Another IGA Nears: Bahamas

After consulting and discussion the roadmap on how to implement FATCA since September 2012, the Bahamas announced that the government has agreed to enter into a Model 1 IGA with the United States.  Minister of Financial Services, Hon. Ryan Pinder, stated that a Model 1 agreement will provide the greatest control for the Bahamas government and […]

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Cayman and US Conclude FATCA Negotiations

As we get closer to year-end, more and more countries are starting to get into the final stages of establishing Intergovernmental Agreements (IGAs).  On Tuesday, the Cayman Islands announced that negotiations have concluded with the United States and have yielded a Model 1 IGA and a new Tax Information Exchange Agreement (TIEA).  This should result in the automatic exchange of information under FATCA. Due […]

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