01/22/2014
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.
01/16/2014
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.
01/13/2014
And as FATCA faces mounting implementation difficulties, it’s becoming clear that the much reviled tax law is simply not ready for prime time.
01/09/2014
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.
01/07/2014
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.
01/03/2014
It's a watershed moment for international tax policy.
01/02/2014
The state altered its tax laws to end the duration of a trust to the lifetime of a living heir
01/01/2014
One of the oldest traditions in banking is crumbling in the face of American determination to tackle tax evasion.
12/24/2013
Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.
12/23/2013
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.
12/20/2013
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.
12/18/2013
Bank will decide at a later time whether to register for Category 3 or not to participate at all.
12/18/2013
This will be advantageous for the stability and a level playing field for our Dutch financial sector in the world.'
12/17/2013
Finance Minister Edward Scicluna and US Ambassador Gina Abercrombie-Winstanley signed the Foreign Account Tax Compliance Act yesterday
12/17/2013
Sheldon Adelson makes no secret of his disdain for the estate tax.
12/16/2013
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.
12/16/2013
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.
12/13/2013
Offshore tax evasion is an issue of fundamental fairness
12/11/2013
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
12/10/2013
Toronto lawyer and some family of ex-PM Arthur Meighen agreed not to alert tax agency about case