In terms of international investment, the share of the United States as a destination for outstanding foreign direct investment from Japan is the largest, at 30 percent (Chart 5). The share of the United States with respect to outstanding inward foreign direct investment to Japan is also the largest, at 34 percent.
The communiqué issued jointly by the US and the 5 European countries – the “FATCA Partners” as they are called – is revealing and I quote: “For many years France, Germany, Italy, Spain, UK and US, have been partners in countering offshore tax evasion and improving international tax compliance so that all citizens pay their fair share of taxes due under the law.” On 26 July 2012, the US Treasury released a model intergovernmental agreement for implementing the FATCA.