“FATCA on steroids”: T&T misses 2017 deadline to become tax compliant

TT faces possible sanctions after the Global Forum recognised this country as the only jurisdiction not considered to have made sufficient progress towards satisfactory implementation of the agreed tax transparency standards.

Speaking at a media conference on Friday afternoon, Attorney General Faris Al Rawi said this has negative implications for Trinidad and Tobago.

“This is FATCA on steroids…this constitutes a significant risk

FULL ARTICLE http://www.looptt.com/content/fatca-steroids-tt-misses-2017-deadline-become-tax-compliant

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