May 8, 2013 - Senator Paul offers bill to weaken U.S. anti-tax evasion law
U.S. Senator Rand Paul introduced a bill late on Tuesday that would repeal parts of a 2010 law designed to fight offshore tax evasion by Americans with assets h
May 6, 2013 - Swiss Bank UBS: Clients Must Tell Tax Authorities About Assets
UBS's new policy is directed specifically at clients who may want to bring money from traditional offshore havens such as Singapore and Liechtenstein, where aut
May 6, 2013 - Libertarian lawmaker blocks international tax treaties, making strange bedfellows
Paul had privacy concerns about the treaties, which the aide said would “allow the government to obtain a wide array of records without evidence that people may
May 6, 2013 - You’ve heard of PEPs? Now meet their first cousins, FEPs: FATCA-Exposed Persons
Michael McDonald, a retired US Internal Revenue Service Special Agent, to coin the new apt term, “FEP” for FATCA-Exposed Person.
May 6, 2013 - U.K. under pressure to clean up tax havens
British Overseas Territories in the Western Hemisphere will abandon their "tax haven" status as London struggles to raise cash and counter European charges its
May 6, 2013 - IRS targets FirstCaribbean's offshore accounts
CIBC FirstCaribbean International Bank (FCIB) said it will cooperate with authorities following revelations that a federal court in California has authorised th
May 6, 2013 - Reforms in tax havens aid sleuths
Following the lead of the Cayman Islands, some of the other so-called UK Overseas Territories, namely Anguilla, Bermuda, BVI, Montserrat and the Turks and Caico
May 6, 2013 - British overseas territories sign deal to curb tax evasion
Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance ministe
May 6, 2013 - Caribbean bank accounts come under scrutiny of IRS
The Department of Justice has identified the bank as the Canadian Imperial Bank of Commerce FirstCaribbean International Bank (FCIB).
April 30, 2013 - FirstCaribbean Int'l Bank Summons Authorized by Court
The IRS summons seeks records of FCIB’s United States correspondent account at Wells Fargo N.A., which will allow the IRS to identify U.S. taxpayers who hold or
April 30, 2013 - U.S. officials arrest Swiss banker: sources
U.S. officials have arrested a former UBS (UBSN.VX) banker working for the Swiss operations of Coutts, the private banking division of Royal Bank of Scotland Gr
April 30, 2013 - US officials arrest Swiss banker
US officials have arrested a former UBS banker working for the Swiss operations of Coutts, the private banking division of Royal Bank of Scotland Group, sources
April 29, 2013 - Senator Paul stirs business ire over blocking of U.S. tax treaties
Paul has said he is concerned that recent treaties would give foreign governments too much access to U.S. citizens' tax information, a stance that has some supp
April 29, 2013 - Report to Congressional Requesters
IRS Has Collected Billions of Dollars, but May be Missing Continued Evasion
April 29, 2013 - IRS Has Collected Billions of Dollars, but May be Missing Continued Evasion
GAO recommends that IRS (1) use offshore data to identify and educate taxpayers who might not be aware of their reporting requirements; (2) explore options for