Articles
FATCA - latest update on IGA
On November 14, 2012, the US Department of the Treasury (Treasury) published the second model intergovernmental agreement (IGA) (Model 2) for implementing the broad-ranging provisions of the Foreign Account Tax Compliance Act (FATCA), which was enacted in 2010 with the goal of diminishing tax evasion by US taxpayers. Attached is the latest update from PWC outlining the differences between Model 1 and Model 2.
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