12/09/2014
Tuesday's agreement means that firms in Singapore can report U.S. account holder information to the local tax authority, which will send it to the IRS, saving them from dealing directly with U.S. tax authorities.
12/07/2014
As the new year approaches, the governments of several countries this week focused on tax legislation.
12/03/2014
The United States won't give up its right to tax multinationals, and nations will go to war soon with countries like China on taxing rights
11/27/2014
The bank’s provisions reflect its legal team’s most recent estimates of what it will need to pay
11/27/2014
Love him or hate him, you have to say that Boris Johnson makes a very good point about FATCA.
11/27/2014
Argentina's move comes as part of a global crackdown on undeclared funds held in offshore havens, after the global financial crisis strained government budgets and made the need to maximize tax receipts more pressing.
11/26/2014
Each U.S. citizen and permanent resident must report worldwide income to the IRS even when paying taxes elsewhere.
11/24/2014
Even as the insurance industry moves to meet the first reporting deadlines under the Foreign Account Tax Compliance Act, the law and compliance remain works in progress.
11/24/2014
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s banking regulator into whether the second-largest Israeli bank helped U.S. citizens evade taxes.
11/23/2014
he study investigates and compares tax regimes across 189 economies worldwide using a case study company, and ranks them according to the ease of paying taxes.
11/20/2014
The U.S. Department of Justice has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans
11/19/2014
The government of Barbados signed an agreement under the U.S. Foreign Account Tax Compliance Act, known as FATCA, to combat tax evasion by foreign residents in the island.
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.