Copying and distributing are prohibited without permission of the publisher

More jurisdictions sign up to bilateral approach to FATCA compliance

10 October 2012

Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.


The British Crown Dependencies of Guernsey, the Isle of Man and Jersey are the latest jurisdictions to announce that they hope to negotiate intergovernmental agreements with the US to implement FATCA.

The three governments say they have taken this decision after consulting with their own financial services industry. The three have already held joint talks with the US.

"Entering into this type of arrangement highlights the cooperative approach of the Crown Dependencies to international tax matters," said Peter Harwood, Guernsey’s Chief Minister.

"Basing FATCA implementation on an intergovernmental agreement is preferred by our industry and I am pleased to confirm our intention to follow this approach with the US Government," said Eddie Teare, the Isle of Man’s Treasury Minister.

"Implementing FATCA is necessary for our finance industry to remain competitive and doing so through an intergovernmental agreement is considered to be the best course to adopt," said Jersey’s Chief Minister, Senator Ian Gorst.

The agreement each jurisdiction will sign will follow the model intergovernmental agreement published by the US government in July and will be similar to the agreement the UK signed with the US in September.






International Tax Review Profile

Congratulations to Richard Murphy as he launches the Tax Research Wiki https://t.co/tDC5EM2REp via @richardjmurphy

Aug 16 2017 08:48 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Great news for shareholders: Germany’s RWE to pay special dividend after tax refund following nuclear tax dispute win via @FT

Aug 14 2017 10:32 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Could Neymar's £1.9 million tax settlement be the start of footballers accepting they have done some wrong? https://t.co/WZIcgMbK7G

Aug 14 2017 08:31 ·  reply ·  retweet ·  favourite
International Tax Review Profile

US law suits against companies over the soda tax are staking up https://t.co/Y3PHMJrXLo

Aug 10 2017 04:14 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Interesting viewpoint on the Amazon UK tax debate. Could the Bezos Model be the future for business? via @forbes https://t.co/ObOmvB2JDT

Aug 10 2017 04:06 ·  reply ·  retweet ·  favourite
International Correspondents