11/19/2014
Stefan Buck, who remains in Switzerland and was head of private banking at Zurich-based Bank Frey, asked for an unusual hearing in which a judge in New York would proceed with the bail application in his absence.
11/18/2014
Seven of the 30 biggest U.S. corporations paid their chief executives more than they paid in federal income taxes last year, the liberal-leaning Institute for Policy Studies and the Center for Effective Government found.
11/13/2014
IRS Loses 'Lavish Spending Is Tax Evasion' Case, Big Spenders Rejoice
Electronic Arts founder Trip Hawkins may be feeling pretty good too after his court victory.
11/06/2014
Little changed except the bookkeeping. Parts were still shipped from suppliers to a warehouse in Morton, Illinois, then shipped from the warehouse to independent dealers.
11/05/2014
Compliance With FATCA ‘Inevitable,’ Says Withers
As a result, every US passport holder living in Kuwait is now responsible to pay taxes to the IRS
11/05/2014
This publication provides a brief overview of the expected impact on entities incorporated in the British Virgin Islands (the “BVI”) of (a) the foreign account tax compliance provisions
11/04/2014
A federal jury in South Florida on Monday took a little over one hour to acquit Raoul Weil, who headed the Swiss bank's global wealth management unit, of conspiring to defraud the Internal Revenue Service.
11/03/2014
The U.S.’s enactment in 2010 of the Foreign Account Tax Compliance Act , or Fatca, sent a jolt through the offshore industry.
10/30/2014
A status report on committed and not committed jurisdictions will be presented to G20 leaders during their annual summit in Brisbane, Australia on November 15-16.
10/28/2014
At the Justice Department, senior officials like to congratulate themselves on the headline-making, big bucks settlements they have imposed upon banks and lenders for their part in causing the 2008 mortgage meltdown that sparked the biggest American finan
10/23/2014
Compliance for a foreign trust with a foreign professional trust company as trustee is relatively straightforward.
10/21/2014
Underperformance, high fees and tight regulations are creating an environment ripe for disruption. I am constantly on the lookout for innovative technologies and business models that address the inherent problems of asset management.
10/19/2014
As a mayoral candidate, Bill de Blasio denounced city tax breaks for large corporations. Now he is considering a pitch by an employer for fewer New York jobs instead of more.
10/15/2014
We knew from the way the accounts were set up that the majority of these 15,000 clients were cheating on the taxes,” said Schumacher
10/09/2014
As the law’s provisions have been phased in, some U.S. citizens who are living permanently abroad have given up their citizenship to avoid inadvertently triggering steep tax bills.
10/06/2014
Obama and Osborne have been quick to promise an end to avoidance. But this is best achieved through collective action
10/02/2014
Lawyers say this is the first time a FATCA violation has led to charges before a court and shows the willingness of the US tax authorities to impose strict compliance with the new rules.
10/01/2014
The annual payment of performance fees had irked some investors
09/30/2014
A trading strategy employed by large banks to help hedge funds and other clients cut taxes has drawn criticism from U.S. authorities
09/25/2014
Swiss Banks’ DoJ Emissary Sees Tax Spats Drag on in 2015.