It seems as though Tax Evaders Don’t Have a Prayer now that the Vatican has signed an agreement with US authorities to report information about overseas accounts under the Foreign Account Tax Compliance Act (FATCA), more taxpayers must be on their best behaviour. This is believed to be the first intergovernmental agreement between the United […]

The Vatican is in advanced talks with Italian authorities to end decades of secret banking in the city-state, as Pope Francis presses ahead with his efforts to clean up the finances of the Catholic Church. The move would mark the latest step in the reform of the Vatican Bank — known as the Institute for […]

In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance. Maybe, but the U.S. Treasury is more than happy to fill in the blanks. Just before Christmas, the Holy See reached the substance of an Intergovernmental Agreement (IGA) to hand over American account details. FATCA is everywhere, […]