The first list of foreign financial institutions compliant with the US Foreign Account Tax Compliance Act (FATCA) has been published by the US Internal Revenue Service.
The year starts with 297,393 registrations – an increase of 1,543 over the 295,850 that ended last year.
Last year started with 267,707 registrations – making a gain of 29,686 (11%) across the year.
The next FATCA list is due in February 2018.
FATCA Registrations – January 2017
Country | FATCA registrations |
---|---|
AFGHANISTAN | 14 |
ALAND ISLANDS | 1 |
ALBANIA | 24 |
ALGERIA | 28 |
ANDORRA | 155 |
ANGOLA | 64 |
ANGUILLA | 305 |
ANTIGUA AND BARBUDA | 45 |
ARGENTINA | 1282 |
ARMENIA | 42 |
ARUBA | 20 |
AUSTRALIA | 5917 |
AUSTRIA | 2760 |
AZERBAIJAN | 71 |
BAHAMAS | 1749 |
BAHRAIN | 275 |
BANGLADESH | 50 |
BARBADOS | 213 |
BELARUS | 73 |
BELGIUM | 383 |
BELIZE | 573 |
BENIN | 8 |
BERMUDA | 3654 |
BHUTAN | 1 |
BOLIVIA, PLURINATIONAL STATE OF | 59 |
BONAIRE, SINT EUSTATIUS AND SABA | 13 |
BOSNIA AND HERZEGOVINA | 54 |
BOTSWANA | 34 |
BOUVET ISLAND | 3 |
BRAZIL | 21301 |
BRITISH INDIAN OCEAN TERRITORY | 19 |
BRUNEI DARUSSALAM | 39 |
BULGARIA | 300 |
BURKINA FASO | 11 |
BURUNDI | 3 |
CAMBODIA | 117 |
CAMEROON | 12 |
CANADA | 10406 |
CAPE VERDE | 16 |
CAYMAN ISLANDS | 54349 |
CENTRAL AFRICAN REPUBLIC | 2 |
CHAD | 5 |
CHILE | 1130 |
CHINA | 1747 |
CHRISTMAS ISLAND | 2 |
COLOMBIA | 605 |
COMOROS | 5 |
CONGO | 5 |
CONGO, DEMOCRATIC REPUBLIC OF THE | 18 |
COOK ISLANDS | 132 |
COSTA RICA | 161 |
COTE D'IVOIRE | 35 |
CROATIA | 126 |
CURACAO | 402 |
CYPRUS | 1313 |
CZECH REPUBLIC | 342 |
DENMARK | 757 |
DJIBOUTI | 6 |
DOMINICA | 34 |
DOMINICAN REPUBLIC | 139 |
ECUADOR | 174 |
EGYPT | 190 |
EL SALVADOR | 77 |
EQUATORIAL GUINEA | 4 |
ERITREA | 1 |
ESTONIA | 61 |
ETHIOPIA | 14 |
FALKLAND ISLANDS (MALVINAS) | 1 |
FAROE ISLANDS | 1 |
FIJI | 6 |
FINLAND | 1435 |
FRANCE | 6891 |
FRENCH POLYNESIA | 4 |
GABON | 4 |
GAMBIA | 8 |
GEORGIA | 57 |
GERMANY | 5265 |
GHANA | 52 |
GIBRALTAR | 871 |
GREECE | 354 |
GREENLAND | 4 |
GRENADA | 42 |
GUAM | 5 |
GUATEMALA | 75 |
GUERNSEY | 7379 |
GUINEA | 10 |
GUINEA-BISSAU | 2 |
GUYANA | 21 |
HAITI | 43 |
HOLY SEE (VATICAN CITY STATE) | 2 |
HONDURAS | 47 |
HONG KONG | 6039 |
HUNGARY | 507 |
ICELAND | 45 |
INDIA | 2010 |
INDONESIA | 845 |
IRAQ | 67 |
IRELAND | 6263 |
ISLE OF MAN | 1471 |
ISRAEL | 1724 |
ITALY | 3029 |
JAMAICA | 69 |
JAPAN | 20334 |
JERSEY | 7316 |
JORDAN | 63 |
KAZAKHSTAN | 109 |
KENYA | 96 |
KIRIBATI | 1 |
KOREA, REPUBLIC OF | 1159 |
KOSOVO | 12 |
KUWAIT | 257 |
KYRGYZSTAN | 22 |
LAO PEOPLE'S DEMOCRATIC REPUBLIC | 28 |
LATVIA | 68 |
LEBANON | 176 |
LESOTHO | 8 |
LIBERIA | 116 |
LIBYA | 21 |
LIECHTENSTEIN | 1348 |
LITHUANIA | 128 |
LUXEMBOURG | 12563 |
MACAO | 81 |
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF | 34 |
MADAGASCAR | 8 |
MALAWI | 6 |
MALAYSIA | 1469 |
MALDIVES | 6 |
MALI | 8 |
MALTA | 1218 |
MARSHALL ISLANDS | 246 |
MARTINIQUE | 1 |
MAURITANIA | 10 |
MAURITIUS | 4484 |
MAYOTTE | 1 |
MEXICO | 2175 |
MICRONESIA, FEDERATED STATES OF | 2 |
MOLDOVA, REPUBLIC OF | 16 |
MONACO | 157 |
MONGOLIA | 11 |
MONTENEGRO | 23 |
MONTSERRAT | 12 |
MOROCCO | 189 |
MOZAMBIQUE | 17 |
MYANMAR | 31 |
NAMIBIA | 75 |
NEPAL | 17 |
NETHERLANDS | 6150 |
NEW CALEDONIA | 5 |
NEW ZEALAND | 2465 |
NICARAGUA | 24 |
NIGER | 10 |
NIGERIA | 64 |
NORTHERN MARIANA ISLANDS | 1 |
NORWAY | 1116 |
OMAN | 49 |
OTHER | 541 |
PAKISTAN | 284 |
PALAU | 1 |
PANAMA | 1938 |
PAPUA NEW GUINEA | 4 |
PARAGUAY | 37 |
PERU | 466 |
PHILIPPINES | 291 |
POLAND | 1489 |
PORTUGAL | 395 |
PUERTO RICO | 3 |
QATAR | 80 |
ROMANIA | 238 |
RUSSIAN FEDERATION | 1353 |
RWANDA | 17 |
SAINT KITTS AND NEVIS | 445 |
SAINT LUCIA | 111 |
SAINT MARTIN (FRENCH PART) | 3 |
SAINT PIERRE AND MIQUELON | 2 |
SAINT VINCENT AND THE GRENADINES | 405 |
SAMOA | 98 |
SAN MARINO | 17 |
SAO TOME AND PRINCIPE | 2 |
SAUDI ARABIA | 338 |
SENEGAL | 21 |
SERBIA | 62 |
SEYCHELLES | 351 |
SIERRA LEONE | 5 |
SINGAPORE | 3140 |
SINT MAARTEN (DUTCH PART) | 19 |
SLOVAKIA | 162 |
SLOVENIA | 172 |
SOLOMON ISLANDS | 4 |
SOMALIA | 3 |
SOUTH AFRICA | 1599 |
SOUTH SUDAN | 5 |
SPAIN | 3578 |
SRI LANKA | 65 |
SUDAN | 34 |
SURINAME | 8 |
SWAZILAND | 17 |
SWEDEN | 1458 |
SWITZERLAND | 6209 |
SYRIAN ARAB REPUBLIC | 8 |
TAIWAN | 1786 |
TAJIKISTAN | 17 |
TANZANIA, UNITED REPUBLIC OF | 34 |
THAILAND | 3268 |
TIMOR-LESTE | 5 |
TOGO | 12 |
TONGA | 3 |
TRINIDAD AND TOBAGO | 93 |
TUNISIA | 158 |
TURKEY | 475 |
TURKMENISTAN | 13 |
TURKS AND CAICOS ISLANDS | 108 |
UGANDA | 28 |
UKRAINE | 545 |
UNITED ARAB EMIRATES | 646 |
UNITED KINGDOM | 30972 |
UNITED STATES | 1254 |
UNITED STATES MINOR OUTLYING ISLANDS | 9 |
URUGUAY | 230 |
UZBEKISTAN | 30 |
VANUATU | 76 |
VENEZUELA, BOLIVARIAN REPUBLIC OF | 64 |
VIET NAM | 201 |
VIRGIN ISLANDS (BRITISH) | 11200 |
VIRGIN ISLANDS (U.S.) | 3 |
WALLIS AND FUTUNA | 1 |
WEST BANK AND GAZA | 25 |
YEMEN | 15 |
ZAMBIA | 36 |
ZIMBABWE | 24 |
Grand Total | 297393 |
Source: US Internal Revenue Service
Came across a British economist in Adelaide, Australia named Dan Hadley who released an up to date article on which countries are FATCA recalcitrant. Also exposed the non US citizen privacy breach issue.
US Citizenship Based Taxation, Foreign Account Tax Compliance Act, the FBAR, is a threat to the world as it takes money out of those countries and goes to the United States. Taxing Americans abroad on their foreign income is immoral and it leaves them out to fail. CBT was created to punish Americans who left the United States which is a violation of their human rights. FATCA also enforces this violation but also violates International banking laws. For all the countries that decided to enforce this law for the United States has became a disgrace to themselves. They are letting the United States bully them and hurt them and take money out of their country.
If these countries stood up to the United States and said no to them it would not have hurt them. Who the hell needs to be a part of the US market? All the US market does is create problems. Anything involving the United States is poisonous and creates problems. It is time for these countries to have guts and to stand up for themselves and say no to the United States and protect their own citizens and foreigners who live in their country and support their country. Remember, the United States is an Empire that wants to dominate and it has been dominating.