Common Contracts
1 similar Governmental Agreement contracts
CHILE AND THE UNITED STATES SIGN THE INTER-GOVERNMENTAL AGREEMENTGovernmental Agreement • January 5th, 2018
FATCA is a United States Act that requires US persons, including individuals who live outside the United States, to report their financial accounts held outside of the US, and requires foreign financial institutions (“FFIs“) to report information regard- ing their US clients to the US Internal Revenue Service (“US IRS”). FATCA was meant to combat offshore tax evasion and to recoup federal tax revenues. Under FATCA, FFIs (which include banks, funds and insurance companies) must sign agreements (“FFI Agreements“) with the US IRS to identify and disclose details regarding their US accountholders.
