US promises more IGAs for FATCA implementation

Ralph Cunningham

December 04 2013

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).

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

Ralph Cunningham

Ralph Cunningham worked at ITR between 2004 and 2018 and is now a freelance journalist.

more across site & shared bottom lb ros

More from across our site

Direct Tax

Aerial view of Christ and Botafogo Bay from high angle.

Brazil’s update to favourable tax jurisdictions could prompt international challenges

Brazil appears to be adopting protocols to align national taxation with international standards, but recent changes are not immune from criticism, experts tell ITR

Sam Sholli, May 30 2025

Indirect Tax

This week in tax: Trump’s tariffs blocked by US court

The US president did not have the authority to impose the tariffs, a court ruled; in other news, Fried Frank and Crowe Ireland made key tax hires

Sam Sholli, May 30 2025

Direct Tax

Switzerland looks to develop new tax incentives to retain investment

Pillar two considerations have become a fact of life for taxpayers everywhere, not least in Switzerland, where companies nonetheless continue to be active with investment

Ralph Cunningham, May 29 2025

Transfer Pricing

Five minutes with…Lennart van den Kommer, Reptune

The Dutch TP software company’s co-founder tells ITR about speeding up documentation processes, following in Steve Jobs’s footsteps, and what makes tax cool

May 29 2025

Transfer Pricing

‘Significant implications’: Experts analyse US v Facebook TP ruling

The ruling underscores the need for companies to provide robust and defensible valuations of intangible assets, one partner tells ITR

Sam Sholli, May 28 2025

Direct Tax

Top 10 pillar two facts you may not have considered

Pillar two is certain to be a game-changer for tax advisers and their clients. Russell Gammon of Tax Systems outlines 10 reasons why

Russell Gammon, May 26 2025

Direct Tax

OECD countries ‘more reliant on’ corporate income tax revenue

Despite a general decline in corporate tax rates around the world, jurisdictions are now more reliant on it than in 1990, a Tax Foundation economist found

Sam Sholli, May 23 2025

Direct Tax

This week in tax: PwC Australia has met most governance targets, post-scandal report says

Australian law firm Webb Henderson’s report said PwC had met 46 of 47 targets; in other news, the OECD has issued new transfer pricing country profiles

Sam Sholli, May 23 2025

Transfer Pricing

WTS Germany acquires Baker McKenzie tax team in post-investment play

The arrival of a seven-strong team from Baker McKenzie will boost WTS Germany’s transfer pricing capabilities and help it become ‘a European champion’, the firm’s CEO said

Tom Baker, May 21 2025

Indirect Tax

‘Right step, executing wrongly’: Local expert dissects Germany’s e-invoicing implementation

Germany has forgotten to think about digital reporting requirements, a WTS partner claimed at ITR’s Indirect Tax Forum 2025

Sam Sholli, May 21 2025