Managers of Wealth Americas

What Canadians need to know about FATCA

FATCA will directly affect many Canadians and Freeman Tax Law has experience to help clients understand their U.S. Tax obligations

$50K delivered to your door: a convenience of (illegal) offshore banking

The rich are not like the rest of us, and neither are their offshore bankers.

BVI concludes negotiations with US on FATCA by Ross Munro, Harneys

The initialling of the agreement comes after several months of dialogue with the US Treasury. At this stage, the final text of the IGA has not been released.

Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry

A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges

Cash Abroad Rises $206B as Apple to IBM Avoid Taxes

The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year

Apple and Microsoft among US tech giants reaping interest payments on offshore cash

The US government makes vast interest payments to technology giants including Apple and Microsoft on the billions of dollars they shelter from tax offshore.

Congress Urges Department of Justice to Use All Enforcement Tools Necessary to Go After U.S. Taxpayers with Undisclosed Offshore Accounts

Recently, the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations held a hearing on the ongoing effort to collect unpaid taxes and penalties on offshore bank accounts.

Schroders latest to brace for US tax evasion fines

Schroders is the latest UK group to set aside millions of pounds for potential fines arising from a US investigation into companies that helped American clients evade taxes.

Americans abroad find citizenship too taxing to keep

If you don't want something, giving it back is often an option

Would you prefer to do time in the US or Switzerland?' US senator asks Credit Suisse banker

Credit Suisse faces the wrath of a Senate hearing over alleged attempts to conceal up to $10bn from the taxman

US expands investigations into offshore tax evasion to India

The United States has expanded its action against tax cheaters to countries like India, Israel and Liechtenstein, a top US official told lawmakers on Wednesday.

Fact Sheet: FATCA Amendments and Coordination Regulations

The U.S. Department of the Treasury and Internal Revenue Service today issued the last substantial package of regulations necessary to implement the Foreign Account Tax Compliance Act

Senate Investigations Committee To Question DOJ And Swiss Officials On Illegal Offshore Banking

NWC calls for full and complete investigation into wrongdoing and full protection for whistleblowers

Credit Suisse CEO to Testify at U.S. Tax Evasion Hearing

Credit Suisse Group AG Chief Executive Officer Brady Dougan will testify this week at a U.S. Senate committee’s hearing on offshore tax evasion

Credit Suisse under scrutiny for aiding tax evasion

Bankers helping customers buy gold bars to store in Swiss bank safes. A wealthy customer who traveled on flights hiding $250,000 in pantyhose to stash in Swiss accounts.

Obama to seek tighter tax rules for corporate offshore profits -official

The Obama administration said on Thursday it will seek new limits on overseas tax avoidance by corporations in its forthcoming budget proposal

Treasury and IRS Amend Final FATCA Regulations

The law has provoked considerable resistance from foreign banks and governments, as well as U.S. expatriates and dual citizens abroad, with many foreign banks refusing to do business with U.S. citizens.

Offshore Tax Evasion Crackdown to Be Focus of Senate Hearing

The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing next week on a crackdown on offshore tax evasion that has stalled as prosecutors conduct criminal probes of 14 banks

GAO Report: Where Offshore Tax Evaders Live And Bank

There is nothing illegal about keeping money offshore, but you have to report it on a form called the Foreign Bank and Financial Account form

Senate Hearing Will Double Down On Offshore Tax Evasion

A Senate investigatory committee on Wednesday revealed it is preparing a hearing to explore how the federal government can collect unpaid taxes on billions held in Swiss bank accounts