The Vatican Bank, Christmas Cheer, And FATCA

While we would never normally talk about religion on our blog, it is not everyday that the words Vatican and FATCA end up on the same newspaper, let alone headline. In a shocking turn of the events, the Vatican has ushered in a new era of transparency and has brokered a deal with the the US Government for the automatic exchange of taxpayer information. For an institution that is typically cloaked in secrecy, this is a paradigm shift in openness and truely shows how we all have to deal with hightented global information exchange. You can find the full article here: http://www.forbes.com/sites/taxanalysts/2014/12/24/the-vatican-bank-chri...