Finance Ministry explains FATCA amendments

The Ministry says the Bill complies with the Model 1 reciprocal agreement which was approved by the former government in May and October 2013.

The Ministry said the former People’s Partnership Government agreed via its Cabinet minutes in May 2013 and October 2013 respectively that:

1. Trinidad and Tobago adopt the Model 1 option of the Inter-Governmental Agreement (IGA) with the United



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