Managers of Wealth Americas

U.S., Switzerland forge bank settlement deal amid tax probe

The settlement program will apply to about 100 second-tier Swiss banks

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

Switzerland Close to Resolving Undeclared U.S. Accounts

The Swiss government is due to decide today whether to accept the accord

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.

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

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

U.S., Swiss Said to Reach Deal in Offshore Tax Probe

The U.S. and Switzerland agreed to resolve a long-running dispute over offshore tax evasion by letting some banks voluntarily disclose wrongdoing and turn over account information on American clients

Swiss government to decide soon whether to keep seeking US tax deal: top diplomat

Switzerland will decide soon on whether to keep pursuing a tax agreement with the United States, an outgoing top diplomat

U.S. Expats Balk at Tax Law

More U.S. citizens are giving up their American passports as the government cracks down on tax evaders.

Liechtenstein Bank Gets Non Prosecution Agreement, To Pay $23.8 Million

The NPA provides that LLB-Vaduz will not be criminally prosecuted for opening and maintaining undeclared bank accounts for U.S. taxpayers from 2001 through 2011

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

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

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.

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

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.

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

US Can’t Keep FATCA Promises, Claim Opponents

Campaigners lobbying against the US Foreign Account Tax Compliance Act

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.

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.

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.