December 23, 2014 - IRS Issues John Doe Summons To FedEx, DHL, UPS, HSBC In Massive Offshore Account Hunt
A federal judge approved the IRS issuing summonses requiring FedEx, DHL, UPS, and a bevy of other handlers to produce information about U.S. taxpayers who used Sovereign Management & Legal Ltd. for offshore accounts and assets.
December 22, 2014 - IRS Issues John Doe Summons To FedEx, DHL, UPS, HSBC In Massive Offshore Account Hunt
A federal judge approved the IRS issuing summonses requiring FedEx, DHL, UPS, and a bevy of other handlers to produce information about U.S. taxpayers who used Sovereign Management & Legal Ltd. for offshore accounts and assets.
November 28, 2014 - Argentina Accuses HSBC of Aiding People in Tax Evasion
Argentina’s tax agency accused the HSBC bank on Thursday of helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts.
November 24, 2014 - HSBC's private banking arm accused of tax fraud by Belgium
Prosecutors allege that hundreds of clients - including diamond dealers in Antwerp - moved money to offshore tax havens with the help of the bank.
November 24, 2014 - HSBC’s Swiss Private Bank Under ‘Formal Investigation’ in French Tax Inquiry
The bank confirmed on Friday that the unit, HSBC Private Bank (Suisse), had been placed under formal investigation by French magistrates examining whether the bank assisted wealthy clients to avoid French tax reporting requirements from 2006 to 2007.
November 24, 2014 - France Investigating HSBC’s Swiss Unit
French prosecutors on Friday said they are investigating the Swiss unit of HSBC Holdings PLC for allegedly laundering the proceeds of tax fraud,
November 12, 2014 - Five banks fined more than $3 billion in currency probe
Five banks have agreed to pay $3.38 billion in fines to global regulators to resolve allegations that they attempted to manipulate foreign exchange rates.
October 14, 2014 - Draft U.S. deal for Swiss banks in tax row seeks 'total cooperation': paper
The U.S. Department of Justice (DOJ) is seeking "total cooperation" from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Saturday.
October 13, 2014 - 100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
Participating banks are required to provide details on American accounts.
July 2, 2014 - China, US pact to curb offshore tax evasion
Under the agreement announced on June 26 by the US Treasury, US financial accounts will report their taxes directly to the Chinese government, which will then file them to the IRS. In the past, the accounts were only required to be reported to the foreign country's government.
June 18, 2014 - IRS announces TOUGHER Voluntary Disclosure Program Effective July 1, 2014
If you have an undeclared offshore account, you should seriously consider filing a request to participate in the IRS Offshore Voluntary Disclosure Program before the new rules take effect on July 1, 2014.
Call Teig for a consultation NOW at:
Office 305-576-4242 (7 am to 5 pm EST)
Cell 954-610-3029 (5 pm to 10 pm EST)
June 18, 2014 - IRS announces TOUGHER Voluntary Disclosure Program Effective July 1, 2014
If you have an undeclared offshore account, you should seriously consider filing a request to participate in the IRS Offshore Voluntary Disclosure Program before the new rules take effect on July 1, 2014.
Call Teig for a consultation NOW at:
Office 305-576-4242 (7 am to 5 pm EST)
Cell 954-610-3029 (5 pm to 10 pm EST)
June 12, 2014 - Geneva’s French Ties Fray as Banks Tell Clients to Come Clean
Now those longstanding ties are unraveling as France toughens tax laws and Paris prosecutors investigate Switzerland’s largest lender UBS AG (UBSN) and London-based HSBC Holdings Plc over whether they helped clients hide wealth in Swiss accounts.
June 4, 2014 - IRS Announcing New Voluntary Disclosure Program for Americans Residing Overseas
On June 3, 2014, IRS Commissioner Koskinen announced that the IRS "will soon put forward modifications to the [Voluntary Disclosure & Streamlined] programs currently in place" for U.S. citizens residing overseas.
May 27, 2014- Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probe
“We will look at the facts and circumstances of each investigation to determine an appropriate penalty,” Assistant U.S. Attorney General Kathryn Keneally said in an interview. “It should be very clear from the Credit Suisse investigation that cooperation, or the lack thereof, is an important factor.”