The US and Sweden have reached substantial agreement on the content of an intergovernmental agreement (IGA) in relation to the US FATCA regulations. The aim of such agreements is to allow the relevant information required by FATCA to be exchange between the two countries. The agreement is required as the FATCA legislation takes effect on 1 July 2014 and from that date information will be required on accounts held by US citizens at foreign financial institutions.
Related Posts
Sweden: Parliament cuts VAT on food to support households
February 27, 2026
Sweden’s parliament (Riksdag) has approved the government’s proposal to temporarily reduce the value-added tax (VAT) rate on food from 12% to 6%. This announcement was made on 25 February 2026. The measure aims to ease household expenses
Read More
IMF press briefing on US economy looks at tax and trade issues
February 27, 2026
On 25 February 2026 the IMF held a press briefing to discuss the issues raised by the article IV report on the US economy. The IMF emphasised that the US economy will continue to grow strongly in 2026 and 2027. US private sector entrepreneurs and
Read More IMF Report on US Recommends Tax and Duty Changes
February 27, 2026
On 25 February 2026 the IMF issued a report following consultations with the US under Article IV of the IMF’s articles of agreement. The IMF notes that the US economy performed well in 2025 and economic growth reached 2.2% by the end of 2025.
Read More
Brazil welcomes zero tariffs on aircraft exports to US
February 26, 2026
Brazil's government celebrated the US decision on 24 February 2026 to eliminate tariffs on Brazilian aircraft imports, reducing duties from 10% to zero amid broader US trade policy shifts. The tariff removal significantly benefits Brazil's
Read More
US: IRS revises Section 987 income, foreign currency rules
February 26, 2026
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
Read More
US: USTR signals 15% tariffs for select nations
February 26, 2026
US Trade Representative (USTR) Jamieson Greer announced, on 25 February 2026, that tariff rates will increase to 15% or higher for certain countries, up from the current 10% rate that took effect on 24 February 2026. However, he did not specify
Read More