Thailand, US sign agreement to share tax information

Thailand and the United States signed an historic tax agreement today to promote tax transparency between the two nations.

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, aims to combat offshore tax evasion and improve transparency on accounts held by US taxpayers in foreign countries.

Under the agreement signed today by US Ambassador to Thailand Glyn T. Davies and Thailand Minister of Finance Apisak Tantivorawong, Thailand will share information about accounts held by US people, and the US in turn will share information about accounts held by Thai people.

“Today’s signing marks a significant step forward in the partnership between the United States and Thailand to combat offshore tax evasion — an objective that mutually benefits our two countries,” Davies said.

Subscribe to The Coconuts Podcast for top trending news and pop culture from Southeast Asia and Hong Kong every Friday!



Reader Interactions

Leave A Reply


BECOME A COCO+ MEMBER

Support local news and join a community of like-minded
“Coconauts” across Southeast Asia and Hong Kong.

Join Now
Coconuts TV
Our latest and greatest original videos
Subscribe on

MOST POPULAR