Press silence continues in New Zealand related to FATCA and IGAs. The last article I have seen, anywhere, was this posting back in October, 2012 on Interest. co. nz. Title: “New Zealand will seek to negotiate tax information agreement with US over ‘FATCA’ law NZ banks had feared would cost them NZ$100 mln” (If the link only takes you to the front page, just do a search on their site using the title, or FATCA.)
I have been in correspondence with a Kiwi/US dual citizen, who made a submission to the NZ IRD ‘working group’ to provide comments about why New Zealand should NOT sign up to a FATCA IGA. I will not post his submission in the interest of brevity. However, below is their response back to him which was NOT encouraging. Names and personal references have been eliminated to protect the innocent! 🙂
