Managers of Wealth Americas

Schroders latest to brace for US tax evasion fines

Schroders is the latest UK group to set aside millions of pounds for potential fines arising from a US investigation into companies that helped American clients evade taxes.

Americans abroad find citizenship too taxing to keep

If you don't want something, giving it back is often an option

Would you prefer to do time in the US or Switzerland?' US senator asks Credit Suisse banker

Credit Suisse faces the wrath of a Senate hearing over alleged attempts to conceal up to $10bn from the taxman

US expands investigations into offshore tax evasion to India

The United States has expanded its action against tax cheaters to countries like India, Israel and Liechtenstein, a top US official told lawmakers on Wednesday.

Fact Sheet: FATCA Amendments and Coordination Regulations

The U.S. Department of the Treasury and Internal Revenue Service today issued the last substantial package of regulations necessary to implement the Foreign Account Tax Compliance Act

Senate Investigations Committee To Question DOJ And Swiss Officials On Illegal Offshore Banking

NWC calls for full and complete investigation into wrongdoing and full protection for whistleblowers

Credit Suisse CEO to Testify at U.S. Tax Evasion Hearing

Credit Suisse Group AG Chief Executive Officer Brady Dougan will testify this week at a U.S. Senate committee’s hearing on offshore tax evasion

Credit Suisse under scrutiny for aiding tax evasion

Bankers helping customers buy gold bars to store in Swiss bank safes. A wealthy customer who traveled on flights hiding $250,000 in pantyhose to stash in Swiss accounts.

Obama to seek tighter tax rules for corporate offshore profits -official

The Obama administration said on Thursday it will seek new limits on overseas tax avoidance by corporations in its forthcoming budget proposal

Treasury and IRS Amend Final FATCA Regulations

The law has provoked considerable resistance from foreign banks and governments, as well as U.S. expatriates and dual citizens abroad, with many foreign banks refusing to do business with U.S. citizens.

Offshore Tax Evasion Crackdown to Be Focus of Senate Hearing

The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing next week on a crackdown on offshore tax evasion that has stalled as prosecutors conduct criminal probes of 14 banks

GAO Report: Where Offshore Tax Evaders Live And Bank

There is nothing illegal about keeping money offshore, but you have to report it on a form called the Foreign Bank and Financial Account form

Senate Hearing Will Double Down On Offshore Tax Evasion

A Senate investigatory committee on Wednesday revealed it is preparing a hearing to explore how the federal government can collect unpaid taxes on billions held in Swiss bank accounts

Feds Push Jail For Tax Crimes: Like Your Cell, Keep Your Cell

You sign tax returns under penalties of perjury. The numbers you report must be true they’re Not an Opening Offer.

Barclays says its Swiss private bank is part of US tax deal

Barclays private bank in Switzerland became the latest bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.

U.S., Canada forge deal in global anti-tax dodger push

Canada and the United States on Wednesday unveiled a tax information-sharing pact, advancing the Obama administration's fight against tax dodgers, although challenges remained to implementing a U.S. international tax transparency law.

RNC Backs Repeal of Foreign Account Tax Compliance Act

The Republican National Committee has adopted repeal of the Foreign Account Tax Compliance Act as part of its official platform.

IBM Uses Dutch Tax Haven to Boost Profits as Sales Slide

Attracted by the Netherlands’ policies and extensive network of tax treaties, IBM joins companies such as Yahoo! Inc., Google Inc. and Cisco Systems Inc. that have used Dutch subsidiaries to cut taxes.

Department of Justice Program for Swiss Banks Can Mean Trouble for U.S. Taxpayers with Undisclosed Offshore Accounts

Many participating banks hStopping offshore tax evasion is also a key component of the Internal Revenue Service’s (IRS’s) ongoing compliance and enforcement efforts according to new IRS Commissioner John Koskinen. ave sent letters to their U.

Fund manager considered cancelling Amazon investment over tax avoidance

Royal London Asset Management demanded clarity over online retailer's tax levels – and locations where that tax was paid