Blogs

Search Blogs
Search by date
Choose From Date
Choose To Date
SearchClear

Tides of Change: CARICOM Announces Progress on FATCA Compliance and Other Financial Matters

The Caribbean region came one step closer to conformity with the U.S. Foreign Account Tax Compliance Act (FATCA) at the Fifteenth Meeting of the Council for Finance and Planning (the Council) of the Caribbean Community (CARICOM) held on August 7. During
August 13, 2013

The Caribbean region came one step closer to conformity with the U.S. Foreign Account Tax Compliance Act (FATCA) at the Fifteenth Meeting of the Council for Finance and Planning (the Council) of the Caribbean Community (CARICOM) held on August 7. During that meeting, the Council agreed upon a coordinated approach to negotiations with the U.S. concerning compliance with FATCA that will take into account the highly integrated nature of the region's financial sector. In this regard, the Council will meet again in mid-September to review the work of CARICOM's Task Force on FATCA, which was established in 2012.

Among other successes of the Council's Fifteenth Meeting were agreements concerning the final text for the CARICOM Financial Services Agreement (CFSA), an amendment to the Intra-CARICOM Double Taxation Agreement, and a framework for regional growth and development.

The primary responsibility of the Council is to oversee economic policy coordination and financial and monetary integration of the fifteen members of CARICOM (Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago). This oversight includes the establishment and promotion of measures for the harmonization of national economic policies and for the execution of a synchronized policy on foreign investment.

The press release issued by CARICOM.

A CARICOM presentation discussing the CFSA.

An explanation of the Intra-CARICOM Double Taxation Agreement.

Our Story

Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

click to watch Videocast: DOL Fiduciary Rule Litigation Impacts
Videocast: DOL Fiduciary Rule Litigation Impacts
Atlanta, GA
Washington, DC
© 2016 Sutherland Asbill & Brennan LLP / Sutherland (Europe) LLP
MYBRIEFCASE
Add this page to MYBRIEFCASE
Add Page to MYBRIEFCASE
News/Commentary - Tides of Change:  CARICOM Announces Progress on FATCA Compliance and Other Financial Matters
Current MYBRIEFCASE Pages
Save ChangesDownload MYBRIEFCASEClear All