In Uncategorized on 11/29/2012 at 07:52

Down Mexico way, as more particularly bounded and described in the 1939 hit tune by Michael Carr and Jimmy Kennedy, the Ministry of Finance and Public Credit of the United Mexican States and the US Dep’t of the Treasury signed up to the FATCA bilateral agreement. So it was announced on 11/28/12.

The launderers and the dodgers now must be reported, each country to each, even if the name of the counterparty changes from The United Mexican States to Mexico.

Negotiations are in progress with numerous other countries, says Treasury, and all the world (the tax world, anyway) awaits further news of the spread of FATCA.

See my blogposts “You Wash My Back – Part Deux”, 7/27/12, and “You Wash My Back – Redivivus”, 11/8/12.


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