Managers of Wealth Americas

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

Feds Push Jail For Tax Crimes: Like Your Cell, Keep Your Cell

You sign tax returns under penalties of perjury. The numbers you report must be true they’re Not an Opening Offer.

Barclays says its Swiss private bank is part of US tax deal

Barclays private bank in Switzerland became the latest bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.

U.S., Canada forge deal in global anti-tax dodger push

Canada and the United States on Wednesday unveiled a tax information-sharing pact, advancing the Obama administration's fight against tax dodgers, although challenges remained to implementing a U.S. international tax transparency law.

RNC Backs Repeal of Foreign Account Tax Compliance Act

The Republican National Committee has adopted repeal of the Foreign Account Tax Compliance Act as part of its official platform.

IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide

Attracted by the Netherlands’ policies and extensive network of tax treaties, IBM joins companies such as Yahoo! Inc., Google Inc. and Cisco Systems Inc. that have used Dutch subsidiaries to cut taxes.

Department of Justice Program for Swiss Banks Can Mean Trouble for U.S. Taxpayers with Undisclosed Offshore Accounts

Many participating banks hStopping offshore tax evasion is also a key component of the Internal Revenue Service’s (IRS’s) ongoing compliance and enforcement efforts according to new IRS Commissioner John Koskinen. ave sent letters to their U.

Fund manager considered cancelling Amazon investment over tax avoidance

Royal London Asset Management demanded clarity over online retailer's tax levels – and locations where that tax was paid

Slovenia Initials FATCA Agreement With US

Failure by an FFI to disclose information on their US clients, including account ownership, balances and amounts moving in and out of the accounts, will result in a requirement to withhold 30 percent tax on payments of US-sourced income.

Trusts Save Taxes by Paying Out More Now

Trusts are often used as a vehicle to reduce or eliminate gift and estate tax while bequeathing wealth to children or other beneficiaries, but are subject to taxes on their own earnings, from investments, interest and other forms of income.

Deloitte leapfrogs PwC to become top accountant: global survey

Deloitte has pipped rival PwC to become the world's top accountant by revenue in the face of rising pressure on fees and new rules boosting competition, a global survey showed.

Fatca Tax Evasion Crackdown: DeVere CEO Backs Repeal

As U.S. regulators stepped up a crackdown on global tax evasion, some finance executives and politicians warned of harmful unintended impacts.

Is Opposing FATCA Supporting Tax Evasion?

They face serious repercussions if they don’t. Whether FATCA is a grand idea or a travesty, the IRS and Treasury Department have made Herculean efforts to implement it.

Russian, U.S. tax officials to discuss financial info sharing

Russian and U.S. tax officials will meet in Paris next week to discuss financial information sharing, Russia’s Finance Minister said

Companies Fleeing IRS Pay CEOs Extra as Penalty Backfires: Taxes

When Actavis Inc. changed its incorporation to Ireland in October, the New Jersey-based drugmaker helped CEO Paul Bisaro avoid the law’s bite by handing him more than $40 million of stock as much as three years ahead of its schedule, then promising