10/22/2013
Think Tank’s Tax Plan: Heartburn for the Wealthy?
For wealthy individuals and major corporations, it could make for painful reading.
Tax
10/14/2013
The IMF Lays The Groundwork For Global Wealth Confiscation
The International Monetary Fund quietly dropped a bomb in its October Fiscal Monitor Report.
10/08/2013
Tax Evasion Could be Human Rights Abuse
Financial systems that enable tax evasion could be in violation of international human rights, a task force believes.
10/08/2013
Last Chance to Report Foreign Bank Accounts to IRS
While some people intentionally evade taxes by hiding money offshore, most people with foreign accounts simply don't understand the law.
10/07/2013
Closing Tax Loopholes Could Fix Budget Crisis
While a budget battle led to a government shutdown, and a debt ceiling fight looms ahead, Congress has seemingly forgotten about one fair and timely budget solution
10/07/2013
Tax shock: Wealthy to be 'very surprised' in 2013
There has been no shortage of media coverage on this year's higher tax rates and new taxes, but accountants expect many of their clients to still be surprised when the bill comes due next April.
10/07/2013
Hong Kong Seeks Agreement With US over FATCA
The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.
10/01/2013
Beanie Baby Creator Pleads Guilty To Swiss Bank Tax Dodge
Warner agreed to pay a civil penalty of almost $53.6 million.
09/30/2013
US Fatca banks law delayed – again
Swiss banks have now been told they must comply with the American law by July 2014
09/22/2013
FATCA update for fiduciaries - Withers
Trusts covered by an applicable IGA will be subject to home country implementing legislation.
09/22/2013
US introduces new tool to combat tax evasion: a voluntary disclosure programme…for banks
There is no question that the deal reached by the US and Swiss governments that resulted in this programme will have a deeply–resonating impact on the Swiss private banking industry
09/22/2013
Prosecutors make example of wealthy New York family in tax-evasion case: In business
Federal prosecutors are going after a New York family they say hid a $12 million inheritance parked in a secret Swiss bank account.
09/18/2013
Banking Secrecy Has Ended, Declares The US
More than a dozen Swiss banks will have to pay billions of dollars in fines for helping their American taxes.
09/14/2013
Costa Rica Bank Customers Required to Update Their Information
Bank customers who do not update (actualicen in Spanish) their personal information with their local bank, within the next three months, could face possible closing of their accounts.
09/14/2013
Banks Lock Out Americans Over New Tax Law
That's what banks around the world have been telling their U.S. customers, as they try to avoid having to comply with a new tax law due to come into force next year.
09/14/2013
Banks lock out Americans over new tax law
That's what banks around the world have been telling their U.S. customers.
09/09/2013
Swiss ok for US Fatca inches ahead
The agreement now returns to the upper house to iron out a difference in the two versions related to the date when the Fatca agreement will be implemented.
09/04/2013
G20 summit: states chase tax evaders with plan to swap data globally
New treaties will require financial institutions to automatically disclose customer assets to overseas tax bodies
09/04/2013
OECD's Gurría presents G20 Leaders with proposal to tackle tax evasion
OECD Secretary-General Angel Gurría today presented to G20 Leaders ground-breaking proposals to tackle tax evasion and avoidance by both companies and individuals.
09/02/2013
Swiss private bank group sees U.S. Tax spats resolved by 2015
Hundreds of banks may be covered by an accord between the U.S. and Switzerland over how to punish firms that used accounts to help American clients evade the Internal Revenue Service