06/08/2014
Bank Leumi has urged U.S. clients to disclose information about their accounts to the U.S. authorities, who are investigating Leumi and other foreign banks in a wide-ranging campaign to crack down on Americans using offshore banks to evade taxes.
06/06/2014
Did you know that United States companies earned $129 billion in 2010 in three small groups of islands?
06/05/2014
The Group of Seven leading economies yesterday put off the threat of further sanctions
06/04/2014
We are living in the golden age of global tax reform.
06/04/2014
The OECD has also developed a proposal for the automatic exchange of tax information
06/04/2014
The US Department of Treasury has announced that Cyprus and the US have reached agreement in substance as regards the Inter-Governmental Agreement for FATCA and Cyprus has consented to being included on Treasury's list of Model 1 jurisdictions.
06/03/2014
Participating countries include all the world's financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.
06/03/2014
These honors of being named the Best Accounting Firm follow numerous others
06/02/2014
Swiss banks under investigation for allegedly aiding U.S. tax evasion face the prospect of bigger fines than they bargained for that could dent their capital and force some to cut dividends.
06/02/2014
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05/28/2014
A majority of American corporations’ offshore profits are held in 12 tax havens, according to a study published Tuesday.
05/28/2014
This period is being called a “transition period” as it will ease the anxiety that the law has caused to the foreign institutions and take the pressure off
05/27/2014
To deter fraud, Feds have to prosecute individuals
05/27/2014
The question remains if any other Swiss bank will suffer the same fate as Wegelin, that was forced to dissolve after being convicted by a criminal court at the beginning of 2013.
05/26/2014
Azerbaijan and IRS reached an agreement on FATCA
05/23/2014
Wealthy Americans used to have no shortage of places to hide their assets from tax collectors
05/22/2014
Large US companies are holding an exorbitant amount of funds offshore, and these businesses are intentionally taking steps to obscure the extent of their holdings.
05/21/2014
Swiss Finance Minister Eveline Widmer-Schlumpf expects other banks to reach agreements soon to settle U.S. investigations into tax evasion after Credit Suisse Group AG announced a deal late yesterday.
05/20/2014
Top American companies including pharmaceutical giant Pfizer Inc. are saving at least $550 billion in taxes by holding profits in overseas tax havens
05/19/2014
In my opinion, the CEO as well as the chairman of the board must go in order to save the bank