Attorney-at-Law

YOU WASH MY BACK – REDIVIVUS

In Uncategorized on 11/08/2012 at 16:34

Treasury has held out the hand of fellowship to even more countries, in its never-ending effort to pursue defaulting taxpayers and assist other nations to do likewise, and is pleased to report the results in a press release  dated 11/8/12.

The UK is already on board (see my blogpost “You Wash My Back – Part Deux”, 7/27/12). Next up by year-end are France, Germany, Italy, Spain, Japan, Switzerland, Canada, Denmark, Finland, Guernsey, Ireland, Isle of Man, Jersey, Mexico, the Netherlands, and Norway, so Treasury hopes.

Meantime, in what the Wall Street gang calls a forward-looking statement, Treasury is actively engaged in dialogue towards concluding an intergovernmental agreement with Argentina, Australia, Belgium, the Cayman Islands, Cyprus, Estonia, Hungary, Israel, Korea, Liechtenstein, Malaysia, Malta, New Zealand, the Slovak Republic, Singapore, and Sweden.

And Treasury is heading for a meeting hosted by the Qatar Central Bank in early December to provide information about FATCA and the intergovernmental agreements to invited senior government officials and financial institutions in the Gulf Cooperation Council.

Of course, Treasury would be pleased to talk to any interested jurisdictions that wish to consider an intergovernmental approach to implementing FATCA.

Soon, nowhere will be safe. Tax dodgers, pack up the boodle in your old kitbag and flee, flee, flee.

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