Ronald E. Creamer, Jr. Sullivan & Cromwell LLP
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FACTA: new government-to-government model - U.S. Treasury Department issues joint statements with Japan and Switzerland outlining a new intergovernmental model *
Japan, Switzerland, USA - June 29 2012
On June 21, 2012, the U.S. Treasury Department released two separate joint statements with the governments of Switzerland and Japan (the “Switzerland Joint Statement” and “Japan Joint Statement” and collectively, the “Joint Statements”).