Full Disclosure from Cayman Islands and Costa Rica on U.S. Citizens Assets

Press Release from Department of Treasury;  Costa Rica and Cayman Island Agreement http://www.treasury.gov/press-center/press-releases/Pages/jl2226.aspx 

Click here for the IRS page Foreign Account Tax Compliance Act

Urgent News, This is Not Good For Some Tax Payers, IRS and Cayman Islands Has Teamed Up To Fight Tax Evasion

Bottom Line:   Cayman Islands to report US Citizens' assets

GEORGE TOWN, Cayman Islands (AP) - The Cayman Islands has signed an agreement with the U.S. government to fight offshore tax evasion and encourage financial  transparency.

The U.S. Department of Treasury said in a statement Friday that the Cayman Islands will share tax information about U.S. account holders with the U.S. Internal Revenue Service.

The Cayman Islands signed a similar pact with the United Kingdom earlier this month.

The British territory is considered the world's sixth largest financial center and a major haven for private equity.