FATCA - New Zealand to start negotiations with United States 

May 16: The government of New Zealand announced the start of negotiations for an agreement with the United States, to allow for an exchange of financial information between the countries’ tax authorities, pursuant to the U.S. Foreign Account Tax Compliance Act (FATCA) legislation.

According the New Zealand May 14, 2013 release, under the agreement, instead of New Zealand businesses having to provide information directly to the U.S. authorities, it is envisioned that the FATCA agreement would allow them to provide the information to the New Zealand Inland Revenue Department which, in turn, would provide the information to the U.S. tax authorities.


Based on the New Zealand announcement, the agreement would be intended reciprocal, so the United States would also provide New Zealand with information about New Zealand investments in the United States.





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