U.S. and Ireland Sign IGA Agreement with Respect to FATCA

The Irish Finance Minister announced on December 5 that Ireland had concluded an Intergovernmental Agreement ("IGA") with the United States with respect to FATCA. Neither the text of the IGA, nor any details of the IGA have been released to date, other than that the IGA is a Model I government-to-government agreement. FATCA IGAs have been initialed or signed to date by the United Kingdom, Denmark, Mexico, Spain, Switzerland and Ireland. There is no official statement or document as of yet.