March 8, 2013 - IRS Pulls Amnesty Protection on Some Secret Accounts
In a move that has kicked up a storm of controversy, the Internal Revenue Service has apparently sent letters to clients of two Israeli banks who confessed to h
March 11, 2013 - US Fatca project 'beginning to unravel' says deVere's Nigel Green
...on the basis of China's reaction and other factors the US Foreign Account Tax Compliance Act (Fatca) looks as if it is beginning to unravel.
2013.3.11 - Have the Swiss Gone Cuckoo?
Switzerland is a country reknowned for its conservative neutrality, so the referendum vote earlier this month which turned corporate governance structures on th
March 8, 2013 - U.S. IRS boots Israeli bank clients from amnesty program -lawyers
The U.S. Internal Revenue Service has revoked access to an amnesty program for some U.S. taxpayers with accounts at Israeli banks who were already taking part i
March 7, 2013 - IRS Yanks Criminal Amnesty Deal From Taxpayers With Secret Bank Leumi Accounts
The faxes, signed by John R. Tafur, director of of Global Financial Crimes at the IRS’ Criminal Investigation division, affect dozens of American taxpayers who
March 7, 2013 - Offshore Tax Probe Picks Up
That is the message from the U.S. government to Americans who evaded federal taxes by stashing money in secret offshore accounts, say lawyers who represent some
March 6, 2013 - Massachusetts Man Sentenced In Manhattan Federal Court For Hiding Millions From Irs In Swiss Bank Accounts
Taxpayer held an account in his own name at Credit Suisse, a Swiss bank with its headquarters in Zurich, Switzerland. In June 2006, with the assistance of Singe
March 6, 2013 - Man sentenced for hiding millions in Swiss bank account
In the fall of 2008, Credit Suisse ended its U.S. cross-border banking business, and in order to continue hiding money he opened an account with Swiss bank Wege
March 5, 2013 - WEGELIN & CO. was sentenced to pay $58 million 
Assistant Attorney General Keneally said: “When the IRS offered the opportunity to come into compliance through the Offshore Voluntary Disclosure Initiative, so
March 4, 2013 - Switzerland and the United States Sign Bilateral Intergovernmental Agreement for Implementation of FATCA
“Today’s announcement marks a significant step forward in our efforts to work collaboratively to combat offshore tax evasion,” said Acting Secretary of the Trea
March 4, 2013 - Rising demand for Dubai's gold vaults
It is understood that UBS and Credit Suisse, the Swiss banks that lead the gold storage market in their home country, are in the process of raising gold vaultin
February 28, 2013 - Swiss tax diplomat urges caution in debate over exchanging data
"Nobody is currently - and I emphasise currently - asking for Switzerland to institute the automatic exchange of information. Not the OECD, not the EU, not the
February 26, 2013 - Swiss Vault Operator Wants U.S. Gold Bugs Out
The Swiss-based company said it will no longer offer to store gold outside of the U.S. to private clients with potential U.S. tax liability, starting from the m
February 25, 2013 - IRS hunts more US persons with hidden Swiss accounts, as judge allows new summons on UBS
The summons seeks to compel the huge institution to produce records for the 10 years before December 31, 2011, about any “United States taxpayers” who “directly
February 21, 2013 - US Fatca is just the start, warns CSC
The financial industry is so focused on US Fatca that it is ignoring the risk of other governments implementing their own Fatca, warns IT and consultancy firm C