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.
03/10/2014
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
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
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
NWC calls for full and complete investigation into wrongdoing and full protection for whistleblowers
02/24/2014
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
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
The Obama administration said on Thursday it will seek new limits on overseas tax avoidance by corporations in its forthcoming budget proposal
02/21/2014
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.
02/20/2014
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
02/20/2014
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
02/19/2014
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
02/17/2014
You sign tax returns under penalties of perjury. The numbers you report must be true they’re Not an Opening Offer.
02/12/2014
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.
02/06/2014
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.
02/05/2014
The Republican National Committee has adopted repeal of the Foreign Account Tax Compliance Act as part of its official platform.
02/04/2014
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.
02/03/2014
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.