Managers of Wealth Americas

Revealed: Countries With The Highest Income Tax Rates

European countries feature high on the list of the nations with the world’s highest income tax rates

United States: Federal Court Rejects Efforts To Diminish Measures Aimed At Reducing Offshore Tax Avoidance

The reporting requirement previously existed for accounts held by nonresident aliens residing in Canada, but now extended to all other countries with which the United States had an income tax treaty or information exchange agreement.

US Court upholds offshore tax avoidance rules

The DOJ said on Jan. 13 that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury’s interest-reporting regulations.

The Next Obamacare? FATCA Roll Out Flounders

And as FATCA faces mounting implementation difficulties, it’s becoming clear that the much reviled tax law is simply not ready for prime time.

Big brother FATCA begins watching UAE bank transactions

Together with the rest of the world, the UAE has until June this year to commence disclosing basic information about accounts with transactions linked to the US.

Ex-UBS banker pleads not guilty in U.S. tax case

Prosecutors say Weil conspired to hide $20 billion in assets from the IRS using secret overseas accounts for thousands of wealthy customers. Weil's lawyers in Switzerland have insisted he is innocent.

Bringing International Tax Rules Into the 21st Century

It's a watershed moment for international tax policy.

South Dakota Dubbed ‘Bermuda of the Prairies’

The state altered its tax laws to end the duration of a trust to the lifetime of a living heir

Bank Secrecy Crumbling Under US Govt Offensive

One of the oldest traditions in banking is crumbling in the face of American determination to tackle tax evasion.

Booz & Company Approves Combination with PwC

Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.

EFG International will participate in the US Tax Programme

Separately, EFG International is disappointed to report that its 2013 profit will be adversely impacted by a charge of approximately CHF 20 million following an unexpected outcome of a longstanding legal action in the UK to which it was a party.

Union Bancaire Privee says Joins U.S. Tax Deal

The scheme requires Swiss banks to hand out some previously hidden information and face penalties of up to 50 percent of assets they managed on behalf of U.S. clients.

Valartis Bank AG, Switzerland, decides not to participate in the US Tax Programme for Swiss Banks

Bank will decide at a later time whether to register for Category 3 or not to participate at all.

Government of the Netherlands : Mr Weekers concludes agreement with US to tackle tax evasion and undeclared savings

This will be advantageous for the stability and a level playing field for our Dutch financial sector in the world.'

Malta signs foreign account tax compliance act with US

Finance Minister Edward Scicluna and US Ambassador Gina Abercrombie-Winstanley signed the Foreign Account Tax Compliance Act yesterday

Accidental Tax Break Saves Wealthiest Americans $100 Billion

Sheldon Adelson makes no secret of his disdain for the estate tax.

12 Agreements Signed to Help U.S. Fight Offshore Evasion: Taxes

The intergovernmental agreements -- known as IGAs -- are a critical part of compliance with the 2010 foreign account tax law, international tax lawyers said in interviews.

Several Swiss Cantonal Banks to Join U.S. Tax Deal

Several Swiss regional banks said on Monday they would cooperate with U.S. officials to avoid prosecution in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through offshore accounts.

Mission Hills Woman Indicted in Cayman Island Tax Scheme and for Lying to Federal Authorities

Offshore tax evasion is an issue of fundamental fairness

KPMG Highlights 12 Key Business Tax Issues For 2014

As business executives outline key programs and initiatives for the coming year, several important international, federal and state tax issues could have a significant impact on their business operations and potentially their corporate reputations and, th