08/26/2014
A specified foreign financial asset is any financial account maintained at a foreign financial institution and also includes "any stock or security issued by any person other than a U.S. person.
08/25/2014
There’s more than one way for a U.S. company to avoid taxes by claiming a foreign address.
08/24/2014
Now, foreign individuals will continue to use a similar one-page Form W-8BEN.
08/21/2014
It was quietly enacted in 2010, and after a four-year ramp up, it’s finally in effect. What is most amazing is not its impact on Americans—although that is considerable—but its impact on the world. Yes, the whole world.
08/19/2014
In 2009, the IRS struck a groundbreaking deal with UBS for $780 million in penalties and American names
08/15/2014
A former executive of a bank in Bahrain pleaded guilty to federal income tax fraud, admitting that he filed three false tax returns and failed to file a fourth return, resulting in a tax loss to the United States of more than $1.3 million over four years.
08/15/2014
Corporate tax revenues have dropped dramatically over the last two generations, feeding concerns among tax analysts about the recent rash of corporate “inversions.”
08/13/2014
Under the current system employers are required to report employee earnings as well as company profits
08/07/2014
The number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came into force.
08/04/2014
Republican gubernatorial candidate Bruce Rauner funneled part of his wealth to a Caribbean territory long considered a tax haven, a business practice the venture capitalist defended on Sunday, stressing there was no impact on his personal tax rate.
08/01/2014
The US IGA was just the first piece of the complex legislative process required to allow the Cayman Islands government and authorities to agree IGAs with other governments (a similar IGA was signed with the UK Government on 5 November 2013 (UK IGA)) and t
08/01/2014
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.
08/01/2014
On 23 July, the IRS released a bulletin encouraging entities to renew or obtain a QI agreement by 31 July 2014.
07/29/2014
The Obama administration has proposed legislation that would severely restrict the ability of US companies to invert
07/27/2014
Billionaire investor Threatens To Dump Companies That Move Offshore
The Mavericks owner is known for his loud and sometimes distasteful comments.
07/25/2014
US President Barack Obama has blasted American multinationals that move to Ireland to cut their tax bill.
07/25/2014
Owing largely to the movement in recent years toward common financial reporting standards, Canadian and U.K. tax authorities have agreed to greater “exchange of information” that many companies may find disconcerting.
07/24/2014
Pretax earnings jump 39% to $81.5 million; profit margins hit 10%
07/24/2014
State Street currently provides custody, securities lending, fund accounting, risk analysis and performance measurement services
07/23/2014
In the latest moves towards implementation of the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.