What Information Is Being Shared?

The establishment of the Model 1A Intergovernmental Agreement (IGA) results in the exchange of

information between the U.S. and the partner country that has enrolled in the IGA. FFI’s located in such a

partner jurisdiction are required to disclose their U.S. account holders to the tax authority of the partner

country, who in turn will exchange that information with the IRS. In return, the IRS has agreed to provide

the partner country information regarding certain “reportable accounts” maintained by U.S. financial

institutions on behalf of account holders residing in the partner country.

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