On 5 February 2014 the Treasury Department posted the text of the intergovernmental agreements (IGAs) between the United States and Canada and between the United States and Hungary under FATCA.
According to yesterday’s release from Canada’s Department of Finance, the FATCA rules had raised a number of concerns in Canada—among both dual Canada-United States citizens and Canadian financial institutions. The IGA is intended to address these concerns and provide that:
UAE - FATCA agreement pending signature
Reports from the United Arab Emirates reveal that in late January 2014, representatives of the United States and the UAE were preparing to sign an intergovernmental agreement (IGA) to implement provisions under FATCA.
It is reported that the FATCA intergovernmental agreement (IGA) to be signed is the IGA Model 1.
Read a January 2014 report prepared by KPMG LLP: MESA Tax Update – January 2014: United Arab Emirates - US FATCA and other news. The KPMG report also discusses the following topics:
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