CARICOM finance ministers meet in Trinidad

PORT OF SPAIN, Trinidad — Caribbean Community (CARICOM) finance ministers will meet on Wednesday in Trinidad and Tobago within the framework of the fifteenth meeting of the Council for Finance and Planning (COFAP).

High on the agenda is a follow-up discussion seeking to chart a framework for growth and development in CARICOM, which engaged the heads of government at their meeting in Port of Spain last month. The ministers will also discuss issues related to the CARICOM financial services agreement, and the intra-CARICOM double taxation agreement.

On the international front, they will define a regional approach for compliance with the US Foreign Account Tax Compliance Act (FATCA), which was signed into law by President Barrack Obama on March 18, 2010, to combat offshore tax evasion and recoup US federal tax revenue.

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