COMPETENT AUTHORITY ARRANGEMENTCompetent Authority Arrangement • May 3rd, 2016
Contract Type FiledMay 3rd, 2016On September 8, 2015, the Government of the United States of America and the Government of Montserrat signed an intergovernmental agreement (“IGA”) entitled, “Agreement between the Government of the United States of America and the Government of Montserrat to Improve International Tax Compliance and to Implement FATCA.” The Government of the United Kingdom of Great Britain and Northern Ireland informed the Government of the United States by providing a copy of a Letter of Entrustment, via note verbale no. 21/03/14 of 26 March 2014 to the Government of the United States of America, that the Government of the United Kingdom of Great Britain and Northern Ireland has entrusted the Government of Montserrat to negotiate and conclude a tax agreement with the Government of the United States of America on information exchange to facilitate implementation of the Foreign Account Tax Compliance Act. The IGA requires, in particular, the exchange of certain information with respect to U.S. Reportabl