Note: as in other cases, so far this is only talk…
“Russia and the US are reportedly going to sign an account information sharing agreement by 2013. The step is expected to improve international tax compliance under the US Foreign Account Tax Compliance Act (FATCA)…
“The authorities have to agree on the mechanism of information sharing and there are several options on the table, including banks signing individual agreements with the IRS or reporting through the national regulator. Russia supports the scenario where banks report to the Federal Tax Service, the Russian tax authority, and it provides information to the IRS, Izvestia daily reported. A similar mechanism is implemented in France, Germany, Japan and Switzerland…
“Deputy PM Igor Shuvalov reportedly plans to discuss the issue with the US authorities during his upcoming visit to Washington, according to the newspaper.”
Full article: http://rt.com/business/news/russia-us-account-share-749/
