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December 2013 Archives

Six More FATCA Agreements Inked by U.S.

The United States has signed 6 more agreements with other nations and territories implementing the Foreign Account Tax Compliance Act. This act is meant to serve as a method to ensure that American taxpayers are not evading their taxes by placing their money in offshore accounts that ordinarily are outside the purview of the federal government. The six agreements signed were with Malta, the Netherlands, Bermuda, and the U.K. Crown Dependencies of Jersey, Guernsey, and the Isle of Man.

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