Under the CRS framework, a reporting financial institution is required to report financial account information of the tax authority of the jurisdiction in which it has its head office (with the exception of branches outside that legal order) or of a branch located in that jurisdiction where the financial institution is established in another jurisdiction. The tax administration automatically communicates the relevant information to the partner jurisdiction with which there is a double taxation agreement (DTT) or a tax information exchange agreement (TIEA). A financial institution reporting under the CRS does not have a withholding obligation, while a reporting foreign institution is required, on the basis of model ii-IGA, to withhold taxes on payments made by the United States to non-accepting account holders, if the Model ii tax administration does not respond to U.S. requests for non-holder account holders under the DBA or the Tax Information Exchange Agreement. Model 2 IGA Under Model 2 IGA, a partner jurisdiction commits to order and permit the IRS to register with the IRS and report directly to the IRS certain information relating to U.S. accounts, which are not otherwise exempt or exempted, in accordance with Model 2 IGA; compatible with FATCA. unless this has been expressly modified by the Model 2 IGA. Intergovernmental Agreements (“IGAs”) In many cases, foreign laws, such as data protection laws, would prevent an IFE from providing the information required by FATCA directly to the IRS. . . .