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Asset Protection Planning

U.S. Signs FATCA Agreements with Australia and the UK.

By September 30, 2015December 14th, 2023No Comments

World NewsThe United States has signed Competent Authority Arrangements (CAA) with two jurisdictions this week, which it has entered into intergovernmental agreements (IGAs). The CAAs were signed with Australia and the United Kingdom. These Agreement between the U.S. CAAs with Australia and the United Kingdom are the first such arrangements to be signed which marks a significant milestone for the gathering of information on its US citizens’, Green Card Holders’ and U.S. Residents’ financial activities around the world. The U.S. Competent Authority expects that numerous other CAAs with additional competent authorities will be signed in the near future as the U.S. continues its efforts to seek and locate US offshore tax evasion.

By Michael B. Nelson, Esq.

Jurisdictions that have signed agreements (beginning on the date indicated in parenthesis):
• Australia (4-28-2014)
• Bahamas (11-3-2014)
• Barbados (11-17-2014)
• Belarus (3-18-2015)
• Belgium (4-23-2014)
• Brazil (9-23-2014)
• British Virgin Islands (6-30-2014)
• Bulgaria (12-5-2014)
• Canada (2-5-2014)
• Cayman Islands (11-29-2013)
• Colombia (5-20-2015)
• Costa Rica (11-26-2013)
• Croatia (3-20-2015)
• Curaçao (12-16-2014)
• Cyprus (12-2-2014)
• Czech Republic (8-4-2014)
• Denmark (11-19-2012)
• Estonia (4-11-2014)
• Finland (3-5-2014)
• France (11-14-2013)
• Georgia (7-10-2015)
• Germany (5-31-2013)
• Gibraltar (5-8-2014)
• Guernsey (12-13-2013)
• Holy See (6-10-2015)
• Honduras (3-31-2014)
• Hungary (2-4-2014)
• Iceland (5-26-2015)
• India (7-9-2015)
• Ireland (1-23-2013)
• Isle of Man (12-13-2013)
• Israel (6-30-2014)
• Italy (1-10-2014)
• Jamaica (5-1-2014)
• Jersey (12-13-2013)
• Kosovo (2-26-2015)
• Kuwait (4-29-2015)
• Latvia (6-27-2014)
• Liechtenstein (5-19-2014)
• Lithuania (8-26-2014)
• Luxembourg (3-28-2014)
• Malta (12-16-2013)
• Mauritius (12-27-2013)
• Mexico (4-9-2014)
• Montserrat (9-8-2015)
• Netherlands (12-18-2013)
• New Zealand (6-12-2014)
• Norway (4-15-2013)
• Philippines (7-13-2015)
• Poland (10-7-2014)
• Portugal (8-6-2015)
• Qatar (1-7-2015)
• Romania (5-28-2015)
• St. Kitts and Nevis (8-31-2015)
• St. Vincent and the Grenadines (8-18-2015)
• Singapore (12-9-2014)
• Slovak Republic (7-31-2015)
• Slovenia (6-2-2014)
• Spain (5-14-2013)
• South Africa (6-9-2014)
• South Korea (6-10-2015)
• Sweden (8-8-2014)
• Turkey (7-29-2015)
• Turks and Caicos Islands (12-1-2014)
• United Arab Emirates (6-17-2015)
• United Kingdom (9-12-2012)
• Uzbekistan (4-3-2015)
• Austria (4-29-2014)
• Bermuda (12-19-2013)
• Chile (3-5-2014)
• Hong Kong (11-13-2014)
• Japan (6-11-2013)
• Moldova (11-26-2014)
• Switzerland (2-14-2013)

Jurisdictions that have reached agreements in substance as of June 30, 2014 and have consented to being included on this list (beginning on the date indicated in parenthesis):
• Algeria (6-30-2014)
• Anguilla (6-30-2014)
• Antigua and Barbuda (6-3-2014)
• Azerbaijan (5-16-2014)
• Bahrain (6-30-2014)
• Cabo Verde (6-30-2014)
• China (6-26-2014)
• Dominica (6-19-2014)
• Dominican Republic (6-30-2014)
• Greenland (6-29-2014)
• Grenada (6-16-2014)
• Guyana (6-24-2014)
• Haiti (6-30-2014)
• Indonesia (5-4-2014)
• Malaysia (6-30-2014)
• Montenegro (6-30-2014)
• Panama (5-1-2014)
• Peru (5-1-2014)
• St. Lucia (6-12-2014)
• Saudi Arabia (6-24-2014)
• Serbia (6-30-2014)
• Seychelles (5-28-2014)
• Thailand (6-24-2014)
• Turkmenistan (6-3-2014)
• Ukraine (6-26-2014)
• Armenia (5-8-2014)
• Iraq (6-30-2014)
• Nicaragua (6-30-2014)
• Paraguay (6-6-2014)
• San Marino (6-30-2014)
• Taiwan (6-23-2014)*

Jurisdictions that have reached agreements in substance as of November 30, 2014 and have consented to being included on this list (beginning on the date indicated in parenthesis):
• Angola (11-30-2014)
• Cambodia (11-30-2014)
• Greece (11-30-2014)
• Kazakhstan (11-30-2014)
• Trinidad and Tobago (11-30-2014)
• Tunisia (11-30-2014)
• Macao (11-30-2014)

 

Michael Nelson

Michael has great depth of experiences and skills that evolved from over 35 years of representing international businesses, executives, expatriates and multi-national families. From these years of successful legal representations of CEOs of Fortune 500 Companies to family clients with needs from complex estate planning to international trusts and private foundations. He is committed to his clients, always finding better alternatives or options for his clients. Dedication to the client is synonymous with his name.