US FATCA – Agreement Model 2

14 November 2012

 

The United States Treasury Department released a second model agreement on FATCA.

 

The second model agreement supplements direct reporting under FATCA by foreign financial institutions (FFIs) by adding the exchange of information between the respective governments, but only on request.

 

The Model Intergovernmental Agreement (Model 2) is available here:

Model 2 Agreement to Implement FATCA

 

Please find more details following the link.

 

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More Trade News in Brief – Week 27 (25 June – 1 July 2012)

* US to Cooperate With Switzerland & Japan On FATCA

 

25 June 2012, Washington

 

After the agreements reached with France, Germany, Italy, Spain and the UK, US is pursuing  the implementation of the Foreign Account Tax Compliance Act (FATCA) with Switzerland and Japan.

 

 More here.

 

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* UNCTAD & WIPO Start Regular Consultation

 

25 June 2012

 

The United Nation Conference on Trade and Development (UNCTAD)  and the World Intellectual Property Organization (WIPO) have decided to establish of a regular consultation mechanism between the two organizations to strengthen consultation and coordination on issues of mutual interest.

 

Further information here.

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* OECD – International Migration Outlook 2012

 

27 June 2012

 

OECD published the International Migration Outlook 2012 which provide an analysis of recent developments in migration movements and policies in OECD countries.

 

        More here.

 

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* ICC Publishes Banking Commission Official Opinions

 

28 June 2012, Paris

 

The International Chamber of Commerce (ICC) published  the volume “Banking Commission Official Opinions” on regard of the impact and isuues related to the latest ICC rules on documentary credits, collections and demand guarantees in daily practice.

 

For further information please click here.