China is NOT on the US Treasury list of 47 countries negotiating over FATCA

Perhaps communism isn’t so bad after all.

The Treasury Department has already concluded a bilateral agreement with the United Kingdom. Additional jurisdictions with which Treasury is in the process of finalizing an intergovernmental agreement and with which Treasury hopes to conclude negotiations by year end include: France, Germany, Italy, Spain, Japan, Switzerland, Canada, Denmark, Finland, Guernsey, Ireland, Isle of Man, Jersey, Mexico, the Netherlands, and Norway.

Jurisdictions with which Treasury is actively engaged in a dialogue towards concluding an intergovernmental agreement include: Argentina, Australia, Belgium, the Cayman Islands, Cyprus, Estonia, Hungary, Israel, Korea, Liechtenstein, Malaysia, Malta, New Zealand, the Slovak Republic, Singapore, and Sweden. Treasury expects to be able to conclude negotiations with several of these jurisdictions by year end.

The jurisdictions with which Treasury is working to explore options for intergovernmental engagement include: Bermuda, Brazil, the British Virgin Islands, Chile, the Czech Republic, Gibraltar, India, Lebanon, Luxembourg, Romania, Russia, Seychelles, Sint Maarten, Slovenia, and South Africa.

No China or Hong Kong

Brazil is a bit of a surprise that it on the list along with Russia.

33 thoughts on “China is NOT on the US Treasury list of 47 countries negotiating over FATCA”

@Moby and all other Aussies/NZ- In my ideal world the Commonwealth nations would all have stood together in rejecting FATCA. Even though Britain has signed on to this piece of Congressional excrement, I don’t think that it is too late to rally the Commonwealth nations to this cause.

Failure of the U.S. to get the other English speaking nations of the world to acquiesce to this act of thuggery will kill FATCA and citizenship based taxation. The U.S. just may have opened a Pandora’s box that it should have left closed.