08/27/2014
Thomson Reuters Launches Checkpoint Learning Tax Research Certificate Program for Tax Professionals
Thomson Reuters today announced the launch of a new Checkpoint Learning Tax Research Certificate Program.
Tax
08/26/2014
Microsoft The Latest in Offshore Tax Evasion Club
“I don’t care if it’s legal; it’s wrong,” Obama has said
08/26/2014
Fox Rothschild adds tax/wealth planning partner
Fox Rothschild employs 28 lawyers at its downtown Pittsburgh office.
08/26/2014
United States: FATCA’s Impact On Preparing Trusts With Offshore Business or Investment Activities
A specified foreign financial asset is any financial account maintained at a foreign financial institution and also includes "any stock or security issued by any person other than a U.S. person.
08/25/2014
Tax Dodge Used by Bain Escapes Scrutiny on Inversions
There’s more than one way for a U.S. company to avoid taxes by claiming a foreign address.
08/24/2014
FATCA Alert: IRS Issues Final Version of the Form W-8BEN-E and Accompanying Instructions
Now, foreign individuals will continue to use a similar one-page Form W-8BEN.
08/21/2014
10 Facts About FATCA, America's Manifest Destiny Law Changing Banking Worldwide
It was quietly enacted in 2010, and after a four-year ramp up, it’s finally in effect. What is most amazing is not its impact on Americans—although that is considerable—but its impact on the world. Yes, the whole world.
08/19/2014
Ten Facts About FATCA, America's Manifest Destiny Law Changing Banking Worldwide
In 2009, the IRS struck a groundbreaking deal with UBS for $780 million in penalties and American names
08/15/2014
Former Bahrain Banker Pleads Guilty to $1.3 Million Federal Income Tax Fraud
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three false tax returns and failed to file a fourth return, resulting in a tax loss to the United States of more than $1.3 million over four years.
08/15/2014
Dropping corporate tax revenue worries feds, feeds concerns over tax breaks
Corporate tax revenues have dropped dramatically over the last two generations, feeding concerns among tax analysts about the recent rash of corporate “inversions.”
08/13/2014
Florida Law Professor Names Cryptocurrencies “Super Tax Havens”
Under the current system employers are required to report employee earnings as well as company profits
08/07/2014
Americans Give Up Passports as Asset-Disclosure Rules Start
The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.
08/04/2014
GOP governor candidate: Money channeled into Caribbean tax haven didn't affect his rate
Republican gubernatorial candidate Bruce Rauner funneled part of his wealth to a Caribbean territory long considered a tax haven, a business practice the venture capitalist defended on Sunday, stressing there was no impact on his personal tax rate.
08/01/2014
Completing the Puzzle: The Last Piece of Cayman’s FATCA Regime Falls into Place - Applby
The US IGA was just the first piece of the complex legislative process required to allow the Cayman Islands government and authorities to agree IGAs with other governments (a similar IGA was signed with the UK Government on 5 November 2013 (UK IGA)) and t
08/01/2014
An update regarding the new QI Agreement
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.
08/01/2014
An update regarding the new QI Agreement
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.
07/29/2014
Bankers push 'tax-dodge' M&A deals
The Obama administration has proposed legislation that would severely restrict the ability of US companies to invert
07/27/2014
Billionaire investor Threatens To Dump Companies That Move Offshore
The Mavericks owner is known for his loud and sometimes distasteful comments.
07/25/2014
Obama blasts US firms for 'magically becoming Irish' in controversial tax switches
US President Barack Obama has blasted American multinationals that move to Ireland to cut their tax bill.
07/25/2014
New U.K.-Canada tax treaty lets authorities do audits in other country
Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.