We originally posted UK mini-FATCA Agreements Spells The End for UK Tax Haven Territories! on Monday, November 26, 2012. The UK and some other European countries have negotiating FATCA agreements with the US.
The UK government is equally keen on the idea: it has just published an Offshore Evasion Strategy document setting out plans to negotiate bilateral automatic information exchange agreements with the British Overseas Territories and other high-priority jurisdictions. Which provides in part:
The die has been cast and it appear to be only a matter of time before, most if not all, former British Territories will enter into UK - US information sharing FATCA agreements.
Read more at: Tax Times blog