Summary

In response to a congressional request, GAO prepared charts containing information about income tax treaties and mutual assistance and information exchange agreements that the United States has entered into with Central American and Caribbean countries. GAO reviewed documentation, correspondence, and other information to prepare the charts.

GAO prepared three charts showing income tax treaties, mutual assistance agreements, and information exchange agreements entered into as of October 28, 1985, and listing: (1) countries covered; (2) purpose of accord; (3) assistance to be provided; (4) limitations on the exchange of information; and (5) type of information generally not subject to exchange. The charts indicate that there are currently very few treaties and agreements due to the fact that: (1) some of the countries do not generally impose income taxes; and (2) tax haven countries believe that disclosing tax information to the Internal Revenue Service would compromise their status as offshore financial centers.