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On March 28, 2014, the U.S. signed a FATCA IGA with Luxembourg.
Under the IGA, banks and other financial institutions in Luxembourg
will report information about eligible U.S. customers' offshore
accounts to the Luxembourg tax authorities, who will then send that
information to the IRS. The IGA is reciprocal, requiring the IRS to
send Luxembourg similar information about Luxembourgers with
financial accounts in the United States.
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