Accountancy Age: A bilateral agreement intended to secure information on tax dodgers and stem tax evasion has been signed by the US and UK. The Foreign Account Tax Compliance Act (FATCA) is a US 2010 law designed to target people using foreign accounts or foreign entities in which American tax payers hold a significant stake.
Full story: http://www.accountancyage.com/aa/news/2205908/us-and-uk-sign-antitax-dodge-agreement