December 16, 2013 - Time to worry about Cayman Islands accounts?
The agreement requires foreign financial institutions to begin reporting information on U.S.-based account holders to the IRS, either via Cayman Islands tax authorities or directly. -
December 16, 2013 - Guernsey signs FATCA agreement with USA
The intergovernmental agreement was signed at the US Embassy in London with the US Ambassador to the UK. The agreement was concluded 48 hours after Guernsey's States of Deliberation gave its unanimous approval, and committed Guernsey to continuing to meet the highest standards of tax transparency.
December 16, 2013 - Bell signs tax sharing deal with the US
The Isle of Man has signed a Model 1A agreement which requires companies in the island to report the required information directly to the Income Tax Division for onward transmission to the US.
December 4, 2013 - Cayman, US sign FATCA pact
The Cayman Islands and the United States signed an agreement last week that will be the basis for the automatic exchange of tax information under the U.S. Foreign Account Tax Compliance Act.
December 2, 2013 - Cayman Islands and Costa Rica agree to share bank accoun
The alleged tax havens have signed agreements with the United States to tell the IRS about funds held offshore by Americans
November 27, 2013 - Bermuda latest UK overseas territory to sign a ‘UK FATC
Bermuda, the UK overseas territory known for its specialist expertise in insurance, has signed a “Model 2 UK FATCA” intergovernmental agreement with the UK.
November 19, 2013 -- IRS to probe Caribbean offshore accounts
“In these actions, the court grant the IRS permission to serve what are known as ‘John Doe’ summons on Mellon, Citibank, JPMorgan, HSBC, and Bank of America,” the statement said, noting that these summons would be used to obtain information about possible tax fraud by individuals whose identities are unknown.
November 13, 2013 - Bank Records Sought in Offshore Tax Inquiry
A federal judge gave the government permission to seek data from five Wall Street banks on American clients suspected of hiding assets at an unrelated Caribbean bank.
November 12, 2013 - Feds expand hunt for offshore tax evaders
Federal judges approved special summonses aimed at getting account data and identifying information of American banking clients of Switzerland's Zurcher Kantonalbank and Bermuda-based N.T. Butterfield & Son, prosecutors said Tuesday.
November 4, 2013 - US to curtail offshore tax evasion in the Caribbean
The United States Department of Treasury says it is taking steps to curtail offshore tax evasion in the Caribbean and other places.
October 28, 2013 - Barbados Eyes Inter-Governmental Agreement With US on FA
Barbados has signaled its intention to the United States of concluding a reciprocal Inter-Governmental Agreement to apply to the US’ Foreign Account Tax Compliance Act, Prime Minister Freundel Stuart said Thursday.
August 20, 2013 - Caymans Accord Makes It Tougher for Wealthy to Hide Money
The Cayman Islands, known as a haven for wealthy Americans seeking to stash cash overseas without scrutiny from the U.S. government, is about to become less secret.
August 10, 2013 - American convicted for directing funds to offshore accoun
WASHINGTON, DC, United States (CMC) — The United States Department of Justice says a US citizen has been convicted for directing funds to an offshore account in Nevis.
July 7, 2013 - Center gets $1.5M investment into ICIJ
I’m delighted to announce a major new investment in international investigative journalism from an Australian benefactor. Internet entrepreneur, businessman and philanthropist Graeme Wood from Queensland has pledged $1.5 million to The Center for Public Integrity over the next three years to help build capacity for our International Consortium of Investigative Journalists (ICIJ).
July 7, 2013 - FATCA: ‘Headache of the decade’ for Cayman’s financial insti
In two weeks, the “headache of the decade” starts when the US Internal Revenue Service unveils its online registration service, giving every financial services institution in the world 90 days to sign up to global tax collection.