US Ambassador John Estrada says he will work closely with the US Treasury and the Government of Trinidad and Tobago to ensure that this country implements the FATCA agreement.
The Ambassador, who is currently in Washington, issued a statement on the matter today:
Opposition Leader Kamla Persad-Bissessar has responded to Prime Minister Dr Keith Rowley's address today on the issues related to FATCA.
She says the Opposition is awaiting the resumption of the debate and says the Prime Minister's statement today was ill-conceived and regrettable.
The following is the Opposition Leader's statement:
"The hour-long ramble on FATCA by Prime Minister Dr. Keith Rowley today was both ill-conceived and regrettable.
Several business agencies have put together a joint statement expressing disappointment in the Parliament's failure to pass FATCA legislation today.
The following is their statement:
"AMCHAM T&T, ATTIC, BATT, The Energy Chamber, TTCIC, TTCSI and the TTMA are deeply disappointed by the developments in Parliament earlier today and the failure of Parliament to debate and pass the Tax Information Exchange Bill.
We urge all Parliamentarians to put the best interest of the country first and not risk our future financial stability.