There is not only EPB in Puerto Rico, as well as Hermes in St. Lucia.
There is not only EPB in Puerto Rico, as well as Hermes in St. Lucia.Source of information?
So in plain English, Euro Pacfic Bank EPB is for sale?
It is not and nowhere you cant find information where is stated that works otherwise and according to wiki: The U.S. has yet to comply with FATCA itself, because as of 2017, it has not yet provided the promised reciprocity to its partner countries and it has failed to sign up to the Common Reporting Standard (CRS)
The US does not need to join CRS as they have FATCA which is very similiar. You do not need to enact two laws to do the same thing. US had created FATCA and implemented it before CRS. It should in fact be OECD and CRS implementing FATCA properly for its citizens instead of re-inventing the wheel.
Article 2
https://www.treasury.gov/resource-c...es/Documents/FATCA-Agreement-UK-9-12-2012.pdf
1. Subject to the provisions of Article 3, each Party shall obtain the information specified in paragraph 2 of this Article with respect to all Reportable Accounts and shall annually exchange this information with the other Party on an automatic basis pursuant to the provisions of Article 27 of the Convention.
If there was a TIEA or DTC signed with the USA before FATCA, the intergovernmental agreement (IGA) will be "Reciprocal".Yes but this goes only for UK and Ireland did they sign this exact same agreement with all other countries in the EU?
It the same for EVERY fatca agreement. Read them and not some wiki page written by an 8 year old.Yes but this goes only for UK and Ireland did they sign this exact same agreement with all other countries in the EU?
There is not yet an intergovernmental agreement (IGA) signed between USA and your jurisdiction.But what if my country isn't even on the list?
Which country is that if you dont mind me asking?But what if my country isn't even on the list?
In which countries you can use EPB bank card. What type of card it is?One pro for EPB. EPB has a bank card. uphold does not have that, they have only virtual cards but I would hope they add physical cards in future as well.
I don't think that is true. US reports when requested, but not on their own. Can you link to law which says it is bilateral automatic exchange of information?I believe that FATCA works both ways, all countries report to US about US citizens foreign account, and US report to all countries about non-US citizens accounts in US. I not sure about it, but it make sense this way.
1. Subject to the provisions of Article 3, each Party shall obtain the information specified in paragraph 2 of this Article with respect to all Reportable Accounts and shall annually exchange this information with the other Party on an automatic basis pursuant to the provisions of Article 27 of the Convention.
Common Reporting Standard (CRS)
The Common Reporting Standard (CRS), calls on countries to obtain information from their financial institutions and exchange that information with other countries automatically on an annual basis. The CRS sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.
Euro Pacific Bank and its subsidiaries have the obligation to comply with the Organization for Economic Co-operation and Development (OECD) Common Reporting Standard (CRS).
To whom is the information reported:
For accounts held by Euro Pacific Securities, Inc. (Global Trading), the required information will be reported to Financial Services Commission (FSC) of the British Virgin Islands.
For accounts held by Euro Pacific Intl. Bank Inc., there is no reporting since the United States and Puerto Rico are non-participating jurisdictions.
When will reporting take place and for what timeframe:
For accounts held by Euro Pacific Securities, Inc. (Global Trading), the information will be reported for the first time in May 2017 for new accounts opened in the period of November 20th to December 30th 2017
For further information on the Common Reporting Standard you may access the OECD informative website at http://www.oecd.org/tax/automatic-exchange/common-reporting-standard
I don't think that is true. US reports when requested, but not on their own. Can you link to law which says it is bilateral automatic exchange of information?
Ok, where is it is said WHAT kind of information is automatically provided? Names, account balances at end of year? What info is it?
You think they don't report you? I wouldn't trust that statement at all!I don't think that is true. US reports when requested, but not on their own. Can you link to law which says it is bilateral automatic exchange of information?
Ok, where is it is said WHAT kind of information is automatically provided? Names, account balances at end of year? What info is it?
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