US and Singapore aim to sign TIEA and reciprocal FATCA IGA by year end

In a joint statement issued after their August 2 meeting, US President Barack Obama and Singapore Prime Minister Lee Hsien Loong pledged to negotiate and sign by the end of 2016 a tax information exchange agreement (TIEA) and a FATCA intergovernmental agreement (IGA ) that provides for reciprocal automatic exchange of financial account tax information.

While the US/Singapore FATCA



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