Jamaica, US to sign agreement on FATCA
May 10, 2013
KINGSTON, Jamaica - The Jamaican Government and the United States (US) are expected to sign an agreement by July aimed at endorsing a new hegemony tax act called the Foreign Account Tax Compliance Act (FATCA), which requires local financial institutions to rat out US account holders.
Concurrently, a government working group is seeking to get a number of institutions exempted from FATCA compliance based on their low risk.
"Our intention is to protect our financial institutions by signing the agreement by the end of July this year, have financial institutions registered and assigned ... by mid-October so as to ensure that they will be deemed compliant," said Myrtle Halsall, deputy governor of the Bank of Jamaica (BOJ).
You may also be interested in:
Stakeholders Engage in Consultations to Strengthen National Youth Policy
The Department of Youth Development and Sports, through its Youth Unit, has commenced a four-day series of half-day closed stakeholder consultations aimed at strengthening the development and...
caricom_admin
Regional Workshop Strengthens Caribbean Capacity on Genetic Resources
Regional policymakers, scientists, and biodiversity experts gathered from March 3-5, 2026, at The University of the West Indies (UWI), St. Augustine Campus in Trinidad and Tobago, for a three-day...
caricom_admin
Statement by Hon. Dr. Joyelle Clarke, Minister of Sustainable Development, Environment, Climate Action and Constituency Empowerment of Saint Kitts and Nevis| High-Level Segment, 16th Meeting of the Conference of Parties of the UN Convention on Biological Diversity| Cali, Colombia| 30 October 2024
"The fight for biodiversity cannot be disentangled from the climate crisis. This is why our commitment to the Kunming-Montreal Biodiversity Framework is especially critical and why Saint Kitts and...
Anonymous