Since the G-20 meeting on April 2, 2009, there has been a worldwide emphasis on the elimination of bank secrecy through the implementation of tax information exchange agreements ("TIEA") with countries or jurisdictions that traditionally have been thought of as "tax havens." In addition to negotiating new TIEAs, the United State has instituted a number of new legislative and administrative measures to ensure compliance with U.S. tax laws. This article will briefly discuss those measures.
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