Managers of Wealth Americas

It’s virtual, but not tax free

Virtual currency is something that can be difficult to wrap your brain around, but if you are using it, make sure that you understand how the IRS views virtual currency.

Singapore to provide information on US bank deposits

Singapore said Tuesday it has agreed to give the United States information on bank deposits by American individuals and corporations to help it deter tax evasion.

Attorney General Announces Investigation And Repercussions For Banks

Attorney General Eric Holder’s posted a video with on the Justice Department's website on Monday announcing that federal prosecutors are pushing BNP Paribas SA and Credit Suisse AG to plead guilty to criminal charges to resolve investigations i

Did your Swiss Bank enter into a Non-Prosecution Agreement?

What does that mean for you and what actions should you take?

‘All systems go’ as FATCA registration deadline looms

Wealth management firms are making final preparations for the introduction of US tax regime

NRIs' India MF play to get thin as US Fatca kicks in

Indians residing in America might, from July, find it tough to invest in products offered by the Indian mutual fund sector.

FATCA will still take effect amongst OECD proposed agreement

The Global Organisation for Economic Cooperation and Development’s proposed standard information exchange does not change the FATCA deadline.

United States: IRS Issues John Doe Summons For Hidden Accounts

The US Government's recent crackdown on offshore tax evasion shows no sign of slowing down and appears to be expanding to include new jurisdictions.

Offshore Tax Havens Cost You $1,259 a Year

General Electric manages to avoid paying taxes on nearly $110 billion

How widespread is tax evasion?

Tax evasion is widely assumed to be an eternal problem for governments but how widespread is it?

Julius Baer sees resolution to US tax probe in foreseeable future

Swiss bank Julius Baer sees itself reaching an agreement with the U.S. authorities in a dispute over tax in the foreseeable future.

An Immodest Proposal: A Global Tax on the Superrich

Bill Gates washes his own dishes, as we learned this year from his Ask Me Anything session on Reddit, but he’s certainly not trying to save money.

Accounting firms stand to gain on ECB’s bank reviews

The reality will be that for the automatic exchange of information rules

To Roth or not to Roth your IRA? Atlantic Trust explains the benefits, considerations

A Roth can be a potentially powerful investment and estate planning tool

Brazil Follows IRS Lead, Declares Bitcoin Capital Gains Taxable

Brazil, just like the American IRS, is not calling Bitcoin a currency.

Untaxed U.S. corporate profits held overseas top $2.1 trillion: study

The new numbers ... certainly highlight what is one of the key challenges for tax reform.

Other states challenging wealthy taxpayers who claim Florida residency

Cold and snow aren't the only reason hordes of people want to become Florida residents.

Credit Suisse Is Said to Be Facing Double-Barreled Inquiries

The subcommittee questioned bank executives

SA and US plan foreign tax compliance deal

The National Treasury and the SA Revenue Service were discussing entering into an inter-governmental agreement with the US on a foreign tax compliance act,

Lawsky Said to Probe Credit Suisse Role in Tax Evasion

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.