“The Luxembourg and US governments have today signed an agreement to improve international tax compliance and implement the so-called Model 1 Intergovernmental Agreement (IGA) of the US Foreign Account Tax Compliance Act (FATCA). As a result of this agreement, the Luxembourg Tax Administration has set up two working groups including different actors from the public and private sectors in order to implement the automatic exchange of information under this agreement. The first working group focuses on general issues, while the second will deal mainly with the electronic communication of information between reporting financial institutions and the Tax Administration.”
Related posts:
CIA rendition flights from rustic North Carolina called to account by citizens
Funds Build Bullish Positions In Precious Metals Futures, Options
Protesters banned from tax title auction; 1 man arrested for using video camera
If Apple Did What eBay Just Did, They'd Have A $44 Billion Tax Bill
China produces as much CO2 per person as Europe
Man sics cops on kid's lemonade stand, now in license trouble himself
Jon Corzine, Ex-MF Global CEO, Is Considering Starting A Hedge Fund
British PM concedes vote on military action should await UN report
David Cameron's plans to ban online encryption dubbed 'infeasible'
Trump slaps tariffs on foreign solar panels and washing machines
U.S. Hikes Fee To Renounce Citizenship By 422%, to $2,350
In junta-ruled Thailand, reading is now resistance
Scientists propose developing more potent mutant bird flu for research
Senate approves Obama request to arm, train Syrian rebels
Picasso Painting Sells for $179.4 Million; Sets Auction Record