The Barbados Central Bank has revealed that a Working Group to negotiate an inter-governmental agreement (IGA) with the United States within the next six months to facilitate compliance with the Foreign Account Tax Compliance Act (FATCA) has been created.
The Central Bank further disclosed that it was engaged with the country's promotional agency - Invest Barbados, to formulate a response to the FATCA regulation, with input from the financial services industry (in Barbados), and the
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