On 12 September 2012, the United Kingdom and the United States governments signed a bilateral agreement to improve international tax compliance and implement the withholding tax and reporting of information provisions within the Foreign Account Tax Compliance Act (FATCA), which aims to combat cross-border tax evasion by US tax residents using foreign accounts. The agreement has been presented to the UK parliament for its ratification and, after a consultation, the draft legislation will be published later this year. The agreement closely follows the reciprocal version of the Model Intergovernmental Agreement, developed by the United States in consultation with France, Germany, Italy, Spain...