See below: “U.S. Treasury to miss deadline on tax crackdown – sources” (Reuters)
So much for the FATCA juggernaut – another delay! This also signals IGAs are not falling into place as fast as they need to. Another reason CANADA must not rush to sign an IGA.
Impacted interests (FFS, foreign governments) need to stop preemtive surrender and wake up to the fact that Treasury is shooting blanks — and STOP negotiating IGAs with Washington. Instead, they need to support FATCA repeal in DC! Continue reading