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Spirit of Contradiction

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

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Public Inquiry
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offsite link The Lugansk Republic situation, MID note to the DOS concerning Myrotvorets Thu Nov 23, 2017 21:49 | Scott
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offsite link Philip Catherine ? Noburl (1975) Thu Nov 23, 2017 03:47 | The Saker
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Human Rights in Ireland
www.humanrights.ie

offsite link Liberty, the ICCL, and other NGO groups? landmark challenge against the UK Government?s mass surveil... Tue Nov 07, 2017 11:56 | admin

offsite link What Ireland can gain from international guidance on Article 19 UNCRPD Mon Oct 23, 2017 12:53 | Eilionoir Flynn

offsite link Repeal or Replace? Tue Oct 03, 2017 06:31 | Fiona de Londras

offsite link An Abortion Law Immune from Constitutional Review? Thu Sep 28, 2017 20:14 | Fiona de Londras

offsite link Should the pro-choice movement support a new constitutional provision on abortion? Wed Sep 27, 2017 16:19 | Eoin Daly

Human Rights in Ireland >>

Jubilee USA Applauds FATCA Agreements between United States and Isles of Man, Jersey and Guernsey

category international | miscellaneous | news report author Monday December 23, 2013 19:11author by Jennifer Tong, Policy & Communications Director Report this post to the editors

On December 13th, the Isles of Man, Jersey and Guernsey signed an intergovernmental agreement with the United States to improve international tax compliance and implement the Foreign Account Tax Compliance Act (FATCA), a US federal law designed to combat offshore tax evasion. The Isles signed a similar agreement with the United Kingdom in October.

On December 13th, the Isles of Man, Jersey and Guernsey signed an intergovernmental agreement with the United States to improve international tax compliance and implement the Foreign Account Tax Compliance Act (FATCA), a US federal law designed to combat offshore tax evasion. The Isles signed a similar agreement with the United Kingdom in October.

“Jubilee USA sees the signing of these agreements as critical first steps in promoting transparency,” said Eric LeCompte, Executive Director of Jubilee USA Network.

Under the agreement, financial institutions on the Isles will report information about individual accounts owned by American citizens, in compliance with FATCA. FATCA was enacted in 2010 in an attempt to recover an estimated $100 billion a year in unpaid taxes on funds held in overseas accounts.

“These agreements are building blocks to create a more transparent and accountable economy,” added LeCompte.

Jubilee USA Network is an alliance of more than 75 US organizations, 300 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

author by fredpublication date Tue Dec 24, 2013 05:03Report this post to the editors

Not FATCA. It should be FATCAT
to indicate who the tax cheats are!

 
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