U.S. and France Sign IGA to Combat Offshore Tax Evasion

The U.S. Department of Treasury announced that the United States signed an intergovernmental agreement ("IGA") with France to implement FATCA. According to the U.S. Treasury, France was among the first countries to "champion" the underlying goals of FATCA. To date, ten FATCA IGAs have been signed.

See: France and U.S. IGA; U.S. Treasury Press Release.See also: Cadwalader's Guide to FATCA by Daniel Mulcahy, Mark Howe and Steven Lofchie; FATCA IGA Archive.