The Cayman Islands and Costa Rica have become the 11th and 12th jurisdictions to sign bilateral intergovernmental agreements (IGA) with the US for the implementation of the Foreign Account Compliance Act (FATCA). And soon there could be at least 28, which are being used as the mechanism to clamp down on undeclared assets held by US citizens with foreign financial institutions (FFIs).
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Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
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