07/27/2013
U.S. Seeks PNC, Wells Fargo, JP Morgan Records To Find Tax Cheats--From Norway
In the latest example of how the world’s wealthy nations have ramped up cooperation against offshore tax evasion
Tax
07/16/2013
Japan Shows How to Stop Corporate Tax Evasion Using Tax Havens
Japan has a law called the Tax Haven Counter Measure Law. It applies to any Japanese subsidiary in a low tax jurisdiction with a tax rate of 20% or less
07/16/2013
OECD launches Action Plan on Base Erosion and Profit Shifting
National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can be exploited by multi-national corporations to artificially reduce their taxes.
07/15/2013
FATCA | Registration Portal delayed and certain deadlines extended - Withers
On July 12, 2013, the Internal Revenue Service announced revised timelines in connection with the staged implementation of the various due diligence, verification, withholding, and reporting requirements
07/12/2013
TAX EVADERS BEWARE: Swiss Banks Are All Set To Give Info To U.S. Authorities
A group of Swiss banks will offer key information to U.S. investigators looking into tax evasion, the Wall Street Journal reports.
07/07/2013
OECD set to target tech giant tax evasion stratergies
Corporate tax avoidance has become a hot political issue following public outrage over revelations in the past year
07/06/2013
US Can’t Keep FATCA Promises, Claim Opponents
Campaigners lobbying against the US Foreign Account Tax Compliance Act
07/05/2013
Vatican bank joins global 'fight against money laundering'
THE revelations of wrongdoing currently rocking the Vatican bank couldn't have come at a worse time for the Swiss-born anti-money laundering expert hired to lead the Holy See's push for greater financial transparency.
07/02/2013
Swiss Enact Plan B to Solve U.S. Row Over Untaxed Assets
The Swiss government announced a new approach allowing banks to hand over data to U.S. authorities in a bid to solve a dispute over undeclared assets and forestall further indictments by the Department of Justice.
06/27/2013
FATCA Compliance Still a Concern According to Northern Trust Survey of Asset Managers
The survey was conducted among 60 Northern Trust clients in Europe, Middle East and Africa attending a seminar on The Foreign Account Tax Compliance Act (FATCA) at Northern Trust's Canary Wharf offices.
06/26/2013
Harper Government Announces New Requirements for Canadians With Offshore Property and Income
Our Government is committed to combating tax evasion and getting tough on tax cheats.
06/24/2013
Swiss Court Blocks Credit Suisse From Sending Data on Employee To US
Douglas Hornung, an attorney representing the unnamed Credit Suisse employee, said he won an interim ruling in January blocking Credit Suisse from transferring the data. That ruling was confirmed by the civil court in Geneva on Friday, Mr. Hornung said.
06/20/2013
Madoff Trustee, Arbitration Ruling, Taxes: Compliance
Two other appeals courts have ruled that a trustee liquidating a fraudulent business can’t accuse other parties of fraud.
06/18/2013
Swiss lower house refuses to vote on US bank deal
Swiss lawmakers refused to bow today to pressure to vote on a deal with the United States exposing US tax dodgers
06/12/2013
Hopes of G8 tax avoidance breakthrough fading fast
An international deal to crack down on secretive tax havens is in jeopardy
06/11/2013
Bitcoin among virtual currencies targeted in US crackdown on tax evasion
US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes.
06/11/2013
Switzerland allows banks to settle US tax evasion cases
The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by US authorities into their role in helping wealthy Americans evade billions of dollars in tax.
06/10/2013
US and Japan agree Facta co-operation
Intergovernmental Cooperation to Facilitate the Implementation of FATCA and Improve International Tax Compliance"
06/09/2013
Swiss Banks May Leave Others Holding the Bag in Tax-Evasion Case
Swiss financial managers and lawyers are girding for a legal battle with the United States if their names are released as part of a deal with U.S. tax evasion investigators
06/09/2013
Swiss lawyers blast secretive US bank deal
A secretive deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans is "deeply worrying," according to the new head of the Swiss Bar Association.