Saturday, January 11, 2014
In just a 24-day span which ended on December 19, some of the world’s most notorious overseas tax havens have signed agreements with the IRS to help it implement FATCA. Deals with more countries are reportedly in the works.
The eight jurisdictions that have agreed to provide the IRS with information about U.S. taxpayers are the Cayman Islands, Costa Rica, Jersey, Guernsey, the Isle of Man, Malta, Bermuda, and the Netherlands.
See Eric L. Reiner, Overseas Tax Havens Toppled by IRS, Private Wealth, Jan. 7, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) and Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.