Vatican to share tax info with US
VATICAN and US officials have signed an agreement to encourage foreign financial institutions to share tax information about US account holders.
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.