FATCA debate falls flat as Opposition walks out; will not be passed before September 30th deadline

Debate on the FATCA legislation has fallen apart and will not be passed by the deadline of September 30th.

It now means that Trinidad and Tobago will not be in compliant with the Foreign Accounts Tax Compliance Act agreement with the United States, unless this county gets an extension from the US Government.

Leader of Government Business, Camille Robinson-Regis adjourned the sitting to 1.30 pm on Friday September 30th, after a walk-out by the Opposition.