10/07/2013
Hong Kong Seeks Agreement With US over FATCA
The Securities and Futures Commission has confirmed Hong Kong is one of 80 countries globally currently in negotiations with the US over its controversial FATCA law.
Tax
10/01/2013
Beanie Baby Creator Pleads Guilty To Swiss Bank Tax Dodge
Warner agreed to pay a civil penalty of almost $53.6 million.
09/30/2013
US Fatca banks law delayed – again
Swiss banks have now been told they must comply with the American law by July 2014
09/22/2013
FATCA update for fiduciaries - Withers
Trusts covered by an applicable IGA will be subject to home country implementing legislation.
09/22/2013
US introduces new tool to combat tax evasion: a voluntary disclosure programme…for banks
There is no question that the deal reached by the US and Swiss governments that resulted in this programme will have a deeply–resonating impact on the Swiss private banking industry
09/22/2013
Prosecutors make example of wealthy New York family in tax-evasion case: In business
Federal prosecutors are going after a New York family they say hid a $12 million inheritance parked in a secret Swiss bank account.
09/18/2013
Banking Secrecy Has Ended, Declares The US
More than a dozen Swiss banks will have to pay billions of dollars in fines for helping their American taxes.
09/14/2013
Costa Rica Bank Customers Required to Update Their Information
Bank customers who do not update (actualicen in Spanish) their personal information with their local bank, within the next three months, could face possible closing of their accounts.
09/14/2013
Banks Lock Out Americans Over New Tax Law
That's what banks around the world have been telling their U.S. customers, as they try to avoid having to comply with a new tax law due to come into force next year.
09/14/2013
Banks lock out Americans over new tax law
That's what banks around the world have been telling their U.S. customers.
09/09/2013
Swiss ok for US Fatca inches ahead
The agreement now returns to the upper house to iron out a difference in the two versions related to the date when the Fatca agreement will be implemented.
09/04/2013
G20 summit: states chase tax evaders with plan to swap data globally
New treaties will require financial institutions to automatically disclose customer assets to overseas tax bodies
09/04/2013
OECD's Gurría presents G20 Leaders with proposal to tackle tax evasion
OECD Secretary-General Angel Gurría today presented to G20 Leaders ground-breaking proposals to tackle tax evasion and avoidance by both companies and individuals.
09/02/2013
Swiss private bank group sees U.S. Tax spats resolved by 2015
Hundreds of banks may be covered by an accord between the U.S. and Switzerland over how to punish firms that used accounts to help American clients evade the Internal Revenue Service
08/29/2013
U.S., Switzerland forge bank settlement deal amid tax probe
The settlement program will apply to about 100 second-tier Swiss banks
08/29/2013
U.S. Outlines Penalties for Swiss Banks in Tax Evasion Probe
This program will significantly enhance the Justice Department’s ongoing efforts to aggressively pursue those who attempt to evade the law
08/27/2013
Switzerland Close to Resolving Undeclared U.S. Accounts
The Swiss government is due to decide today whether to accept the accord
08/27/2013
Switzerland to Agree Plan for Banks to Settle U.S. Tax Spat (1)
Switzerland said it has agreed to a draft plan with the U.S. for the country’s banks to settle a tax-evasion dispute after years of diplomatic wrangling.
08/27/2013
FATCA Movies Guide Financial Firms Through Tax Maze
The US Internal Revenue Service has released a series of videos to help foreign financial institutions sign up for the Foreign Account Tax Compliance Act
08/27/2013
Swiss Agree on Program for Banks to Settle U.S. Dispute
The Swiss Finance Ministry has been instructed to complete work on a joint statement with the U.S