04/06/2014
New York’s top banking regulator is investigating whether Credit Suisse Group AG’s private banking practices resulted in the evasion of state taxes, according to a person with knowledge of the matter.
04/04/2014
Notably, the IRS has also announced that the 19 countries which were in the process of completing their intergovernmental agreements on FATCA will be treated as though those agreements are already complete.
04/04/2014
With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.
04/04/2014
2013 was a year for goodbyes for many Americans as more than 3,000 citizens decided to turn in their passports and renounce their citizenship.
04/04/2014
Most snowbirds already know they need to keep track and report how many days they spend in each country
04/04/2014
The Luxembourg tax authorities this morning announced that the intergovernmental FATCA agreement (model 1) between Luxembourg and the United States was signed on 28 March 2014.
03/31/2014
Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing.
03/28/2014
An agreement signed on Tuesday between Hong Kong and the United States on the exchange of tax information is set to become the first tax information exchange agreement (TIEA) signed by Hong Kong using the relevant legal framework established in July of la
03/26/2014
On March 25, Hong Kong and the United States signed a tax information exchange agreement, which will provide the necessary basis for Hong Kong to enter into an intergovernmental agreement to adhere to the United States' Foreign Account Tax Compliance
03/25/2014
As part of a plea agreement, an ex-Credit Suisse banker recently disclosed how U.S. customers avoided offshore account disclosure requirements.
03/25/2014
U.S. Senate Urges the Department of Justice to Seek Extradition of Swiss Bankers Who Helped U.S. Taxpayers Maintain Undisclosed Bank Accounts
The Department of Justice, confirmed it has charged 35 Swiss bankers and 25 financial advisors with helping U.S. Taxpayers hide their undisclosed overseas accounts, but has not yet sought their extradition to the United States.
03/24/2014
The Internal Revenue Service initially will make limited use of information supplied by other governments about U.S. citizens’ offshore holdings because of budget constraints
03/21/2014
New Website to Assist Millions of Taxpayers with Undisclosed, Offshore Accounts
The Wolfe Law Group is pleased to announce the launch of their new website: IRSOffshoreTaxEvasion.com.
03/14/2014
FATCA will directly affect many Canadians and Freeman Tax Law has experience to help clients understand their U.S. Tax obligations
03/14/2014
The rich are not like the rest of us, and neither are their offshore bankers.
03/12/2014
The initialling of the agreement comes after several months of dialogue with the US Treasury. At this stage, the final text of the IGA has not been released.
03/12/2014
A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges
03/12/2014
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year
03/12/2014
The US government makes vast interest payments to technology giants including Apple and Microsoft on the billions of dollars they shelter from tax offshore.
03/11/2014
Recently, the U.S. Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations held a hearing on the ongoing effort to collect unpaid taxes and penalties on offshore bank accounts.