Managers of Wealth Americas

Private client group gains drive Raymond James to record quarterly profit

Pretax earnings jump 39% to $81.5 million; profit margins hit 10%

State Street's securities finance revenue soars

State Street currently provides custody, securities lending, fund accounting, risk analysis and performance measurement services

BVI publishes draft FATCA Guidance Notes

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the FATCA Intergovernmental agreements (IGAs) signed by the BVI with the US and the UK, the BVI Government has released draft Guidance Notes for public consultation.

Renaissance, Barclays, Deutsche To Explain Tax Treatment

Renaissance Technologies is a hedge fund known to use quantitative methods to obtain an advantage in the market.

Merger Rush for Offshore Tax Break Bets on U.S. Stalemate

U.S. companies are racing to complete tax-reducing offshore mergers before a credible threat to stop them emerges from Congress.

Julius Baer expects to settle U.S. tax case in months

Julius Baer expects to strike a deal with U.S. authorities in a matter of months to settle a criminal investigation into the Swiss bank's role in helping wealthy Americans evade their taxes, its chief executive said on Monday.

Standard for Automatic Exchange of Financial Information in Tax Matters

New single global standard for the automatic exchange of information between key authorities worldwide

US entices NRIs to disclose their unreported assets

The SFOP is a game changer for non-resident and resident (who would use the Streamlined Domestic Offshore Procedures ( SDOP)) taxpayers alike

Failure to Disclose Offshore Accounts Could Cost U.S. Taxpayers 50% of Their Accounts' Value

The IRS has identified at least ten banks whose accountholders face this penalty

Obama Administration Seeks Curbs on Offshore Tax Deal

In inversions, U.S.-based businesses purchase a foreign company, then switch the legal address to take advantage of the foreign jurisdiction’s favorable tax rules

IRS getting tougher; more audits, tax attorney says

The IRS has been trying to streamline their examination of entities

Renaissance Said Probed by Senate Panel on Tax Maneuver

A U.S. Senate investigative panel will hold a hearing July 22 to probe tax maneuvers by Renaissance Technologies LLC, the hedge fund started by billionaire James Simons

PR China and the US committed to signing Intergovernmental Agreement

The US Government concluded this agreements with many partner countries to effectively implement their 2010 US Foreign Account Tax Compliance Act (FATCA) in their local jurisdictions.

British Virgin Islands, United States Sign FATCA Agreement

The FATCA law requires, among other provisions, US citizens living outside the US to report their foreign bank accounts to the Internal Revenue Service.

Israel Latest Country to Sign Tax-Evasion Agreement With U.S.

Deal Allows U.S. to Enforce its Foreign Account Tax Compliance Act, or FACTA

Swiss banks to tell all under FATCA

Swiss banks and asset managers are gearing up to implement the FATCA (Foreign Account Tax Compliance Act) rules

Butterfield meets FATCA deadline

FATCA will provide an effective framework for our institutions and regulators

US offshore tax evaders beware: FATCA starts July 1

The US Treasury has spent much of the past several years pressing the issue on some of the world's most powerful and secret banking centers with threats of punitive action if they do not join in.

Offshore Crackdown Kicks Off With 30 Percent Penalties for Banks

The Internal Revenue Service is about to get an unprecedented look at bank accounts and investments U.S. citizens hold abroad, through a law that is making it harder to hide assets from the tax collector.

U.S. Prosecutions of Foreign Financial Institutions Create Extreme Risk of Disclosure for Offshore Account Holders by Greenberg Traurig

As shown by recent headlines, the pressure is mounting on individuals who have yet to come into compliance with their reporting obligations concerning undisclosed offshore accounts.