US draws one more country into FATCA net
25 April 2012
Ralph Cunningham - ITR
Ireland’s tax authorities have confirmed to International Tax Review that they are in talks with the Internal Revenue Service about the implementation of the Foreign Account Tax Compliance Act.
“We are talking to the IRS with a view to implementing a country-by-country agreement on FATCA,” a spokesman for the Revenue Commissioners in Dublin said.
The IRS published proposed regulations for the implementation of FATCA on February 8. Enforcement of the legislation, which requires foreign financial institutions (FFI) to pass information about their US...
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