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March 7, 2016 - Is Singapore up next in a U.S. tax crackdown?
The IRS last month asked a federal judge in Miami to force UBS, the largest Swiss bank, to produce documents on Ching-Ye Hsiaw, who lives in China. The judge on Wednesday told UBS to show up in court on March 31 to explain why it has refused to supply the account records.

March 7, 2016 - US taxman going after UBS account in Singapore
The Monetary Authority of Singapore has said previously that banking confidentiality cannot be used to shield criminal activities. Singapore is fully prepared to share banking information to assist foreign criminal investigations, within established international cooperation channels for such data sharing

March 7, 2016 - The IRS vs Singapore
UBS' position is that – "…that UBS could not comply with the summons because, in the absence of a waiver from Hsiaw, it is prohibited by Singapore's bank secrecy laws from disclosing the summoned bank records that relate or pertain to Hsiaw's Singapore account(s)." - See more at: http://sbr.com.sg/financial-services/commentary/irs-vs-singapore#sthash.BMuPjsbR.dpuf

March 4, 2016 - Showdown looming over Singapore bank secrecy laws in UBS tax evasion case
"Even if Singapore's bank secrecy laws, as UBS contends, precludes disclosure of the summoned bank records relating or pertaining to Hsiaw's Singapore account(s), international comity requires that the records be disclosed," IRS revenue agent James Oertel said in the filing.

March 4, 2016 - Singapore Banking Secrecy Makes Ripe Target for IRS
The Internal Revenue Service sought to make UBS Group AG turn over records on an account in Singapore held by a U.S. citizen, setting up a showdown with the city-state over its bank-secrecy laws and potentially opening a new front against offshore tax evasion beyond Switzerland.

November 17, 2015 - IRAS e - Tax Guide
Compliance Requirements of the Singapore - US Intergovernmental Agreement on Foreign Account Tax Compliance Act

November 17, 2015 - Foreign Account Tax Compliance Act (FATCA) - Singapore
Inland Revenue Authority of Signapore.

March 18, 2015 - Singapore-US Foreign Account Tax Compliance Act Intergovernmental Agreement and Regulations Enter into Force
The Singapore-US Foreign Account Tax Compliance Act (FATCA) Model 1 Intergovernmental Agreement (IGA) and Regulations entered into force on 18 March 2015. A copy of the agreement and Regulations can be found on the Inland Revenue Authority of Singapore’s (IRAS) website[1].

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