US President Donald Trump has yet to sign off an executive order repealing the Foreign Account Tax Compliance Act (FATCA) despite an election pledge.
The Democrats vowed to reverse the controversial law that requires foreign financial firms to tell the Internal Revenue Service (IRS) about cash and investments held by US taxpayers overseas.
The IRS has raised more than $10 billion in ‘lost’ tax under FATCA rules.
The latest list of reporting institutions shows 6,522 signed up under FATCA in January, bringing the global total to 274,229.
The number is an increase of 91,580 over the 182,649 institutions registered with the IRS in January 2016.
The next FATCA list is scheduled for March 1, 2017.
Country | No of registrations |
---|---|
AFGHANISTAN | 21 |
ALAND ISLANDS | 1 |
ALBANIA | 24 |
ALGERIA | 23 |
ANDORRA | 148 |
ANGOLA | 37 |
ANGUILLA | 252 |
ANTIGUA AND BARBUDA | 45 |
ARGENTINA | 1170 |
ARMENIA | 41 |
ARUBA | 26 |
AUSTRALIA | 5285 |
AUSTRIA | 2944 |
AZERBAIJAN | 72 |
BAHAMAS | 1723 |
BAHRAIN | 266 |
BANGLADESH | 96 |
BARBADOS | 219 |
BELARUS | 72 |
BELGIUM | 392 |
BELIZE | 680 |
BENIN | 16 |
BERMUDA | 3894 |
BHUTAN | 1 |
BOLIVIA, PLURINATIONAL STATE OF | 62 |
BONAIRE, SINT EUSTATIUS AND SABA | 13 |
BOSNIA AND HERZEGOVINA | 93 |
BOTSWANA | 39 |
BOUVET ISLAND | 3 |
BRAZIL | 16692 |
BRITISH INDIAN OCEAN TERRITORY | 20 |
BRUNEI DARUSSALAM | 43 |
BULGARIA | 255 |
BURKINA FASO | 13 |
BURUNDI | 9 |
CAMBODIA | 104 |
CAMEROON | 19 |
CANADA | 9511 |
CAPE VERDE | 15 |
CAYMAN ISLANDS | 47847 |
CENTRAL AFRICAN REPUBLIC | 5 |
CHAD | 7 |
CHILE | 1025 |
CHINA | 1579 |
CHRISTMAS ISLAND | 2 |
COLOMBIA | 552 |
COMOROS | 7 |
CONGO | 11 |
CONGO, DEMOCRATIC REPUBLIC OF THE | 21 |
COOK ISLANDS | 158 |
COSTA RICA | 156 |
COTE D'IVOIRE | 39 |
CROATIA | 111 |
CURACAO | 415 |
CYPRUS | 1335 |
CZECH REPUBLIC | 335 |
DENMARK | 659 |
DJIBOUTI | 10 |
DOMINICA | 32 |
DOMINICAN REPUBLIC | 131 |
ECUADOR | 196 |
EGYPT | 305 |
EL SALVADOR | 76 |
EQUATORIAL GUINEA | 9 |
ERITREA | 1 |
ESTONIA | 53 |
ETHIOPIA | 19 |
FALKLAND ISLANDS (MALVINAS) | 1 |
FAROE ISLANDS | 1 |
FIJI | 6 |
FINLAND | 1319 |
FRANCE | 6545 |
FRENCH POLYNESIA | 4 |
GABON | 12 |
GAMBIA | 16 |
GEORGIA | 43 |
GERMANY | 5072 |
GHANA | 60 |
GIBRALTAR | 1873 |
GREECE | 303 |
GREENLAND | 4 |
GRENADA | 34 |
GUADELOUPE | 1 |
GUAM | 5 |
GUATEMALA | 92 |
GUERNSEY | 6794 |
GUINEA | 15 |
GUINEA-BISSAU | 4 |
GUYANA | 17 |
HAITI | 32 |
HOLY SEE (VATICAN CITY STATE) | 2 |
HONDURAS | 46 |
HONG KONG | 5895 |
HUNGARY | 478 |
ICELAND | 30 |
INDIA | 1654 |
INDONESIA | 773 |
IRAQ | 76 |
IRELAND | 5761 |
ISLE OF MAN | 1422 |
ISRAEL | 1326 |
ITALY | 2830 |
JAMAICA | 67 |
JAPAN | 19038 |
JERSEY | 6872 |
JORDAN | 101 |
KAZAKHSTAN | 103 |
KENYA | 116 |
KIRIBATI | 1 |
KOREA, REPUBLIC OF | 1128 |
KOSOVO | 10 |
KUWAIT | 266 |
KYRGYZSTAN | 33 |
LAO PEOPLE'S DEMOCRATIC REPUBLIC | 33 |
LATVIA | 66 |
LEBANON | 192 |
LESOTHO | 12 |
LIBERIA | 133 |
LIBYA | 25 |
LIECHTENSTEIN | 1374 |
LITHUANIA | 113 |
LUXEMBOURG | 11711 |
MACAO | 91 |
MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF | 33 |
MADAGASCAR | 11 |
MALAWI | 19 |
MALAYSIA | 1411 |
MALDIVES | 8 |
MALI | 15 |
MALTA | 1203 |
MARSHALL ISLANDS | 251 |
MARTINIQUE | 1 |
MAURITANIA | 17 |
MAURITIUS | 3972 |
MAYOTTE | 1 |
MEXICO | 1669 |
MICRONESIA, FEDERATED STATES OF | 1 |
MOLDOVA, REPUBLIC OF | 30 |
MONACO | 175 |
MONGOLIA | 27 |
MONTENEGRO | 23 |
MONTSERRAT | 12 |
MOROCCO | 176 |
MOZAMBIQUE | 25 |
MYANMAR | 41 |
NAMIBIA | 76 |
NEPAL | 36 |
NETHERLANDS | 5065 |
NEW CALEDONIA | 5 |
NEW ZEALAND | 2211 |
NICARAGUA | 24 |
NIGER | 11 |
NIGERIA | 121 |
NORTHERN MARIANA ISLANDS | 1 |
NORWAY | 1054 |
OMAN | 46 |
OTHER | 890 |
PAKISTAN | 234 |
PALAU | 1 |
PANAMA | 1871 |
PAPUA NEW GUINEA | 5 |
PARAGUAY | 45 |
PERU | 410 |
PHILIPPINES | 281 |
POLAND | 1361 |
PORTUGAL | 402 |
PUERTO RICO | 4 |
QATAR | 77 |
REUNION | 1 |
ROMANIA | 195 |
RUSSIAN FEDERATION | 1796 |
RWANDA | 21 |
SAINT KITTS AND NEVIS | 403 |
SAINT LUCIA | 106 |
SAINT MARTIN (FRENCH PART) | 3 |
SAINT PIERRE AND MIQUELON | 1 |
SAINT VINCENT AND THE GRENADINES | 458 |
SAMOA | 108 |
SAN MARINO | 20 |
SAO TOME AND PRINCIPE | 7 |
SAUDI ARABIA | 324 |
SENEGAL | 29 |
SERBIA | 62 |
SEYCHELLES | 374 |
SIERRA LEONE | 11 |
SINGAPORE | 2870 |
SINT MAARTEN (DUTCH PART) | 21 |
SLOVAKIA | 140 |
SLOVENIA | 177 |
SOLOMON ISLANDS | 4 |
SOMALIA | 3 |
SOUTH AFRICA | 1297 |
SOUTH SUDAN | 9 |
SPAIN | 3277 |
SRI LANKA | 83 |
SUDAN | 17 |
SURINAME | 12 |
SWAZILAND | 18 |
SWEDEN | 1243 |
SWITZERLAND | 6499 |
SYRIAN ARAB REPUBLIC | 7 |
TAIWAN | 1740 |
TAJIKISTAN | 37 |
TANZANIA, UNITED REPUBLIC OF | 41 |
THAILAND | 2798 |
TIMOR-LESTE | 4 |
TOGO | 13 |
TONGA | 3 |
TRINIDAD AND TOBAGO | 100 |
TUNISIA | 137 |
TURKEY | 457 |
TURKMENISTAN | 13 |
TURKS AND CAICOS ISLANDS | 110 |
UGANDA | 39 |
UKRAINE | 462 |
UNITED ARAB EMIRATES | 592 |
UNITED KINGDOM | 29237 |
UNITED STATES | 1136 |
UNITED STATES MINOR OUTLYING ISLANDS | 4 |
URUGUAY | 259 |
UZBEKISTAN | 28 |
VANUATU | 47 |
VENEZUELA, BOLIVARIAN REPUBLIC OF | 99 |
VIET NAM | 194 |
VIRGIN ISLANDS (BRITISH) | 10100 |
VIRGIN ISLANDS (U.S.) | 3 |
WALLIS AND FUTUNA | 1 |
WEST BANK AND GAZA | 38 |
YEMEN | 19 |
ZAMBIA | 42 |
ZIMBABWE | 62 |
Total: | 274229 |
Source: US Internal Revenue Service