VATICAN CITY
The Australian
AAP JUNE 10, 2015
THE Vatican has agreed to share tax information with the United States in its latest move to improve the reputation of its scandal-marred bank and crack down on tax cheats.
VATICAN and US officials signed an agreement on Wednesday in which the Holy See committed to comply with a 2010 US law designed to encourage – some say force – foreign financial institutions to share information about US account holders with US tax authorities.
The aim is to make it more difficult for Americans to use overseas accounts to evade US taxes.
The Vatican bank has long been accused by Italian authorities of being an offshore tax haven.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.