May 18, 2012 - Witnesses Urge IRS to Give Banks More Time to Comply With FATCA
IRS should give banks more time to implement the Foreign Account Tax Compliance Act and make compliance simpler when it issues final regulations later this year
May 18, 2012 - FATCA can still be repealed: US expert
"To the trained Washington eye, FATCA presents what military planners call a target-rich environment for, first, rendering unenforceable the partnership agreeme
May 16, 2012 - Who wants to be a Swiss banker?
The global crackdown on tax evasion has started to target smaller Swiss banks, with a United States indictment forcing Wegelin into meltdown earlier this year.
May 16, 2012 - Firms urge delay in IRS offshore tax dodger rules
Financial institutions from around the world called for delay and changes to soften proposed U.S. rules to combat offshore tax evasion at an Internal Revenue Se
May 16, 2012 - How Swiss Bank Client Info Was Passed To Tax Cops By Whistleblowers - For Cash
Switzerland is faced with a new whistle-blowing scandal as two Swiss banks employees hand over client information to U.K. tax officials.
May 15, 2012 - Beware Longer IRS Statute Of Limitations On Foreign Accounts
If you thought the huge flap over the 6 year IRS statute was over when the Supreme Court decided Home Concrete, think again.
May 15, 2012 - Swiss Bank Whistle-Blowers Hand Data to U.K.
“We don’t comment on information we receive but we get information from a wide variety of sources which we carefully examine to make sure everyone pays the righ
May 14, 2012 - Facebook Co-Founder: America is OK. It’s the Rules That Are a Pain
“U.S. citizens are severely restricted as to what they can invest in and where they can maintain accounts,” said spokesman Tom Goodman. “Many foreign funds and
May 14, 2012 - Swiss lawyer wanted in US family fraud case
Little, a 61-year-old lawyer, was arrested at Kennedy International Airport as he arrived from the UK on Thursday. He is the first UK lawyer to be held by the U
May 14, 2012 - More are renouncing U.S. citizenship as IRS cracks down
As pressure from an International Revenue Service crackdown increases, the number of those giving up U.S. citizenship is also rising.
May 14, 2012 - Foreign banks freezing out U.S. millionaires
HSBC, Deutsche Bank, Bank of Singapore and DBS Group all say they have turned away business.
May 14, 2012 - Facebook Co-Founder May Gain Choosing Singapore Over U.S
Saverin and his advisers could say that the value of his stake should be reduced for tax purposes because of the potential difficulty of selling the shares whil
May 14, 2012 - Tax Rule Provokes Foreign Banks' Ire
In February, five European governments said they planned to enter into agreements with the U.S. to help implement the law to help their banks avoid running afou
May 14, 2012 - Lawyer Little Charged with 11-Year Swiss Tax-Fraud Scheme
The U.S. charged Michael Little, an attorney, with participating in an 11-year conspiracy that defrauded the Internal Revenue Service using Swiss bank accounts
May 14, 2012 - Facebook’s Eduardo Saverin Joins Americans Renouncing Citizenship
In 2011, billionaire Facebook co-founder Eduardo Saverin relinquished his U.S. citizenship and joined nearly 1,800 other Americans to do it last year — up from