06/29/2014
As shown by recent headlines, the pressure is mounting on individuals who have yet to come into compliance with their reporting obligations concerning undisclosed offshore accounts.
06/26/2014
The Offshore Voluntary Disclosure Program was launched by the IRS in 2012
06/26/2014
The bill now passes from the upper house of parliament to President Vladimir Putin
06/25/2014
This boom in charitable gift planning began shortly after the passage of the Tax Reform Act of 1986—legislation that ushered in historically high capital gains rates, along with ordinary tax rates of 33 percent or more.
06/25/2014
The IRS and Justice Department are cracking down on unreported foreign bank accounts
06/24/2014
Agents at the IRS have been quietly rubbing their hands together in anticipation of July 1.
06/23/2014
UK firms are targets for American giants hoping to escape punitive rates, writes Ben Marlow
06/20/2014
On 18 June the US Internal Revenue Service (IRS) announced major changes to its offshore voluntary compliance programs, resulting in new guidance for both taxpayers overseas and those residing in the US.
06/19/2014
Americans living abroad and certain others who can now come within the IRS Streamlined Program.
06/18/2014
An expected resolution to the US tax evasion probe into Swiss banks will likely be a catalyst for consolidation in the country's private banking industry.
06/17/2014
The Romanian authorities accepted the inclusion on the list of countries with agreement of 2 April 2014, according to the American Treasury.
06/17/2014
Bermuda has again been singled out and labelled “a tax haven” by US legislators as they last week attached an amendment to US federal funding measures, seeking to block federal contracts to former American companies involved in corporate inver
06/16/2014
These subsidiaries are often shell companies with few employees and no real business activity
06/16/2014
On 5th June, the United States Department of Justice (DOJ) extended some information reporting deadlines for Swiss credit institutions that have sought to participate in its tax regularisation programme to secure a non-prosecution agreement.
06/10/2014
The most profits officially booked offshore, and the most success in avoiding paying corporate income taxes to any government at all. They include prominent corporate titans such as American Express, Apple, Bank of America and Nike.
06/10/2014
Failing to respond in any way is likely to mean the bank will close your account
06/10/2014
An intergovernmental agreement to improve international tax compliance was signed by South Africa and the United States on Monday.
06/09/2014
Nothing about the narrow cream-colored lobby at 160 Aldersgate Street in the City of London financial district gives a hint of its role at the center of the offshore oil industry.
06/09/2014
The OVDP gave US citizens the opportunity to voluntarily reveal their undisclosed offshore accounts
06/08/2014
Bank Leumi has urged U.S. clients to disclose information about their accounts to the U.S. authorities, who are investigating Leumi and other foreign banks in a wide-ranging campaign to crack down on Americans using offshore banks to evade taxes.