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UPDATE: Reporting obligations under FATCA on US persons not VI Gov’t- Premier
ROAD TOWN, Tortola, VI- Premier Dr The Honourable D. Orlando Smith has maintained his stance that the Virgin Islands is not being forced or coerced into finalising an Inter-Governmental Agreement (IGA) with the United States under the Foreign Account Tax Compliance Act (FATCA) but instead his government is of the opinion that cooperating is what is best for the territory.
Rand Paul Blamed for Blocking FATCA
BY MICHAEL COHN
(ACCOUNTING TODAY)- The research and advocacy organization Global Financial Integrity is urging Sen. Rand Paul, R-Ky., to allow the Senate to vote on agreements negotiated by the Treasury Department with Switzerland, Luxembourg, Hungary and other countries to implement the Foreign Account Tax Compliance Act, or FATCA, in an effort to ferret out tax evaders.
Statement by the Premier of the Virgin Islands (VI) to the people of the VI
Below is the Premier's statement on Financial Services in its entirety:
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