tax information exchange

Barack Obama signed FATCA in 2010. FATCA stands for the Foreign Account Tax Compliance Act and became a legal requirement targeting Americans from all over the world – exactly, including those who do not live or work in the USA too. At that time, FATCA paved the way to multiple similar acts...

Hello, I just hung up the phone with my bank in Germany! I have an account with them since 2004 I asked if they are going to report the account to my local tax authorities not Germany. They said NO we are not going to report anything!! Now I think, what is all this with the "new OECD"...