In a new article at CNBC, Mark Mazur, assistant secretary for US tax policy writes:
Governments across the globe are recognizing the growing support for tax fairness, and with the United States at the lead, the world community is making important progress to expose these hidden financial accounts and stop offshore tax evasion.
Over the past few years, FATCA has become the global standard for fighting international tax evasion. The U.S. has partnered with like-minded governments to find efficient ways to implement the statutory reporting requirements. Progress has been substantial: The U.S. has signed intergovernmental agreements with 22 countries, and many more have either reached agreements in substance that are awaiting signature, or are well along in the process.
Read full article here: http://www.cnbc.com/id/101452453