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Dec 09, 2013

United States Signs FATCA Intergovernmental Agreement With the Cayman Islands

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The US Department of the Treasury recently announced that the United States has signed a “Model 1” intergovernmental agreement (“IGA”) with respect to the US Foreign Account Tax Compliance Act (“FATCA”) with the Cayman Islands. Like the other IGAs the United States has signed, the Cayman Islands IGA is intended to streamline FATCA information reporting and reduce compliance burdens for financial institutions in the Cayman Islands.

View full memo, United States Signs FATCA Intergovernmental Agreement With the Cayman Islands

Authors and Contributors

Roger Baneman

Of Counsel

Tax

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+1 212 848 4894

New York

Laurence Crouch

Partner

Tax

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+1 650 838 3718

Menlo Park

Kristen Garry

Partner

Tax

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+1 202 508 8186

Washington DC

Michael Shulman

Partner

Tax

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+1 212 848 8080

New York

Jeffrey Tate

Counsel

Tax

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+1 202 508 8084

Washington DC

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