11/27/2014
FATCA: Boris Won’t Pay His US Taxes
Love him or hate him, you have to say that Boris Johnson makes a very good point about FATCA.
11/27/2014
Love him or hate him, you have to say that Boris Johnson makes a very good point about FATCA.
11/27/2014
Argentina's move comes as part of a global crackdown on undeclared funds held in offshore havens, after the global financial crisis strained government budgets and made the need to maximize tax receipts more pressing.
11/26/2014
Each U.S. citizen and permanent resident must report worldwide income to the IRS even when paying taxes elsewhere.
11/24/2014
Even as the insurance industry moves to meet the first reporting deadlines under the Foreign Account Tax Compliance Act, the law and compliance remain works in progress.
11/24/2014
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s banking regulator into whether the second-largest Israeli bank helped U.S. citizens evade taxes.
11/23/2014
he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes.
11/20/2014
The U.S. Department of Justice has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans
11/19/2014
The government of Barbados signed an agreement under the U.S. Foreign Account Tax Compliance Act, known as FATCA, to combat tax evasion by foreign residents in the island.
11/19/2014
Stefan Buck, who remains in Switzerland and was head of private banking at Zurich-based Bank Frey, asked for an unusual hearing in which a judge in New York would proceed with the bail application in his absence.
11/18/2014
Seven of the 30 biggest U.S. corporations paid their chief executives more than they paid in federal income taxes last year, the liberal-leaning Institute for Policy Studies and the Center for Effective Government found.
11/13/2014
Electronic Arts founder Trip Hawkins may be feeling pretty good too after his court victory.
11/06/2014
Little changed except the bookkeeping. Parts were still shipped from suppliers to a warehouse in Morton, Illinois, then shipped from the warehouse to independent dealers.
11/05/2014
As a result, every US passport holder living in Kuwait is now responsible to pay taxes to the IRS
11/05/2014
This publication provides a brief overview of the expected impact on entities incorporated in the British Virgin Islands (the “BVI”) of (a) the foreign account tax compliance provisions
11/04/2014
A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the Swiss bank's global wealth management unit, of conspiring to defraud the Internal Revenue Service.
11/03/2014
The U.S.’s enactment in 2010 of the Foreign Account Tax Compliance Act , or Fatca, sent a jolt through the offshore industry.
10/30/2014
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/28/2014
At the Justice Department, senior officials like to congratulate themselves on the headline-making, big bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American finan
10/23/2014
Compliance for a foreign trust with a foreign professional trust company as trustee is relatively straightforward.
10/21/2014
Underperformance, high fees and tight regulations are creating an environment ripe for disruption. I am constantly on the lookout for innovative technologies and business models that address the inherent problems of asset management.