US threatens to stop treating some FATCA IGAs as being “in effect” in 2017

Beginning in 2017, the US will stop treating a country as if it has FATCA  intergovernmental agreement (IGA) “in effect” if the country does not adequately prove that it has a plan to actually put the IGA agreement into effect, the IRS has announced.

Announcement 2016-27, released Friday, applies to 52 countries that have signed or that have “agreed



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