Baker & McKenzie

International Top 30 position: 1
Asia-Pacific International 50 rank: 2

US and UK sign first bilateral FATCA intergovernmental agreement

The US and the UK announced on 14 September that they have signed a bilateral agreement to improve international tax compliance and implement the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA). The agreement should lessen the burden of FATCA compliance on UK financial institutions, while increasing the ability of taxing authorities in both countries to obtain information in their efforts against tax evasion.

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100 New Bridge Street

Firmwide revenue 2011 ($m): 2,313.0
Global lawyers 2011: 3,805
No. of lawyers (Asia Pacific): 1,084
Offices (Asia Pacific): 14