BakerHostetler (JD Supra India)

1 result for BakerHostetler (JD Supra India)

  • India Agrees “In Substance” to Model 1 FATCA IGA

    The U.S. Treasury announced that on April 11, 2014, India agreed “in substance” to sign a Model 1 FATCA IGA with the US. The IGA would therefore require Indian financial institutions to report information on U.S. account holders to India’s Central Board of Direct Taxes, which would then share the information with the IRS.

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