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.
10/19/2014
As a mayoral candidate, Bill de Blasio denounced city tax breaks for large corporations. Now he is considering a pitch by an employer for fewer New York jobs instead of more.
10/15/2014
We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher
10/09/2014
As the law’s provisions have been phased in, some U.S. citizens who are living permanently abroad have given up their citizenship to avoid inadvertently triggering steep tax bills.
10/06/2014
Obama and Osborne have been quick to promise an end to avoidance. But this is best achieved through collective action
10/02/2014
Lawyers say this is the first time a FATCA violation has led to charges before a court and shows the willingness of the US tax authorities to impose strict compliance with the new rules.
10/01/2014
The annual payment of performance fees had irked some investors
09/30/2014
A trading strategy employed by large banks to help hedge funds and other clients cut taxes has drawn criticism from U.S. authorities
09/25/2014
Swiss Banks’ DoJ Emissary Sees Tax Spats Drag on in 2015.
09/25/2014
Thousands of Americans abroad are giving up their citizenship as the implementation of a complex new tax law causes banks to shut down accounts for US expatriates
09/23/2014
In a move tied to budgets, Canada’s Revenue Agency is cutting its top staff focused on international tax evasion.
09/17/2014
That certainly seemed to be the shared opinion of a panel of banking regulation experts, including two officials from the U.S. Securities and Exchange Commission, who spoke about tax compliance and money laundering at a conference Tuesday.
09/16/2014
At the request of the G20 Leaders, the OECD’s work is based on a BEPS Action Plan setting out the 15 key elements to be addressed by 2015
09/12/2014
The Treasury, in an Aug. 9 letter obtained by Bloomberg News today, told Senate Finance Committee Chairman Ron Wyden that it’s concerned about such arrangements and is weighing legislative and administrative responses.
09/12/2014
Under FATCA financial institutions enter into an agreement with the IRS and to disclose the names of all U.S. persons who hold accounts with U.S. $50,000 or more.