03/25/2014
The plea deal of an ex-banker details tax-evasion schemes
As part of a plea agreement, an ex-Credit Suisse banker recently disclosed how U.S. customers avoided offshore account disclosure requirements.
Tax
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
IRS to Make Limited Use of Offshore Bank Data, Koskinen Says
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
What Canadians need to know about FATCA
FATCA will directly affect many Canadians and Freeman Tax Law has experience to help clients understand their U.S. Tax obligations
03/14/2014
$50K delivered to your door: a convenience of (illegal) offshore banking
The rich are not like the rest of us, and neither are their offshore bankers.
03/12/2014
BVI concludes negotiations with US on FATCA by Ross Munro, Harneys
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
Ex-Credit Suisse banker accused of fraud surrenders, set to aid tax-evasion inquiry
A former Credit Suisse banker surrendered to U.S. authorities Tuesday and plans to plead guilty to fraud charges
03/12/2014
Cash Abroad Rises $206B as Apple to IBM Avoid Taxes
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year
03/12/2014
Apple and Microsoft among US tech giants reaping interest payments on offshore cash
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
Congress Urges Department of Justice to Use All Enforcement Tools Necessary to Go After U.S. Taxpayers with Undisclosed Offshore Accounts
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.
03/10/2014
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.
03/10/2014
Americans abroad find citizenship too taxing to keep
If you don't want something, giving it back is often an option
02/27/2014
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
02/27/2014
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.
02/25/2014
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
02/25/2014
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
02/24/2014
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
02/21/2014
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.
02/21/2014
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