11 June 2015

Forget Confessional: Vatican Adopts FATCA, Helps IRS Track Offshore Accounts

The news that the Vatican has signed on to FATCA making a Catholic agreement to go after tax evaders may not surprise more than one billion Catholics around the world. Americans may be the only ones who really care. And no matter how astounding this looks, they should not be surprised.  Although this deal was just announced, it was last Christmas that the Holy See reached the substance of an Intergovernmental Agreement to hand over American account details.

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