China and the US have initialed an agreement to help implement a 2010 federal law aimed at curbing offshore tax evasion, the US Treasury said on its website. The reciprocal agreement will give the US government information on US-owned financial accounts in China, and the US in turn will provide banks' information on Chinese residents' US accounts. The two countries agreed on the terms, but are scrutinizing the details before officially signing it.
美国财政部官网消息,中美两国已达成初步协议,将贯彻实施2010年通过的一项遏制海外逃税的联邦法律。这项互惠协议要求中国向美国提供美国公民在中国金融账户信息,而作为回报,美国将中国公民美国账户信息提供给中国政府。两国已经就条款达成一致,但在正式签署前还需审议协议细则。
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