Dutch Minister of Foreign Affairs foresees smooth exchange tax information with the U.S.
WILLEMSTAD, THE HAGUE – The Dutch Minister of Foreign Affairs, Bert Koenders indicated recently that he does not anticipate any problems for the future exchange of tax information between Curaçao and the United States of America.
According to the Minister, Curacao tax authorities and other parties are well advanced with the inclusion of the so-called Foreign Account Tax Compliance Act (FATCA), but can optionally also receive additional support from the Netherlands.
Koenders recently received questions from the Dutch Parliament on additional agreements with the U.S. which should prevent U.S. citizens or financial institutions on Curaçao to face unexpected tax claims from the United States. This because the exchange of information did not go in accordance with the correct procedure.
The Minister noted that more countries are struggling to adapt their own tax system and their own regulations on the U.S. requirements. The U.S. Government has attention to this problem.