On June 26, 2014, China and the United States agreed on a Model 1 FATCA IGA. The Treasury did not say whether the agreement would be reciprocal. The IGA comes just in time for the July 1 start of 30 percent withholding on...more
Tax records will be shared around the world by 2015 as part of a G20 pledge to crack down on international tax evasion. China was the sole holdout until it agreed to the plan just days before the summit in St. Petersburg....more