Managers of Wealth Americas

Sen. Sanders calls offshore tax havens 'legalized tax fraud'

Sanders, top opposition member on the Senate Budget Committee, released a report decrying what he called “legalized tax fraud.”

Wegelin Bankers Face Obstruction Charges in U.S. Tax Case

Three Swiss bankers accused in 2012 of helping Americans hide more than $1.2 billion from the U.S. Internal Revenue Service face new charges of obstructing the agency from collecting taxes on undeclared accounts.

Got a few million bucks you want to protect from the tax man?

The company’s aggressive online marketing has attracted enough customers that the Internal Revenue Service and U.S. prosecutors noticed.

Trusts & Estates Mourns Douglas Moore

Doug was co-chair of our Estate Planning & Taxation committee.

Tax-Refund Fraud Soaring, Little IRS Can Do

The whole system is a disaster

Clinton foundation received up to $81m from clients of controversial HSBC bank

The charitable foundation run by Hillary Clinton and her family has received as much as $81m from wealthy international donors

UBS Faces a New Tax-Evasion Probe

Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash

Obama tax plans could spark US corporate exodus

It also calls for a 19% minimum tax on future foreign earnings

China to Crack Down on Tax Collection From Multinational Companies

China’s tax officials plan to step up efforts to collect taxes from multinational corporation in the latest of a series of moves in the last year, mostly against Western companies.

Reinsurance, Hedge Fund Tax “Loophole” Rule Set for the Spring

Reworked tax rules on how hedge funds can set up reinsurance shop in in offshore domiciles and continue to receive a favorable tax treatment are expected to be issued in the next 90 days, according to Internal Revenue Service Commissioner John Koskinen.

IRS to issue regulations on hedge fund reinsurance strategy

The aim is to stop what some see as a way for hedge funds to avoid tax on income by using offshore reinsurance operations and for their investors to avoid U.S. tax laws too.

HSBC Still Aiding Tax Fraud Even After Justice Department Settlement

Justice Department officials have defended deferred prosecution agreements

IRS Targets Banks In FATCA Crackdown

The US Internal Revenue Service has posted tax investigators to foreign embassies to lead a Foreign Account Tax Compliance Act crackdown on suspected tax evasion.

Prager Metis CPAs Completes Merger with Polakoff and Michaelson

The accounting and business consulting firm of Prager Metis CPAs, LLC, has completed a merger with Polakoff & Michaelson

Biden: Nobody Thinks Tax Increases Would Damage the Wealthy

Vice President Joe Biden said Wednesday that Republican lawmakers will be motivated to work with Democrats

Democratic lawmakers push bill to stop corporate offshore tax moves

Democratic lawmakers Tuesday pushed legislation to stop U.S. companies from reincorporating overseas to reduce their tax bills, saying a wave of so-called inversions last year has nearly doubled the revenue the federal government will lose from those move

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