by Antonio Rodriguez | May 31, 2013 | Uncategorized
Chasing down the fat cats In 2010, the US Congress adopted a piece of legislation called the Foreign Account Tax Compliance Act (FATCA) to fight offshore tax evasion by its own citizens. The acronym seems a wry nod to President Barack Obama’s frequent denunciations of...
by Antonio Rodriguez | May 31, 2013 | Uncategorized
Legislation allowing for the sharing of American citizens’ bank data will go before the Swiss parliament next month. It seemingly spells the end of prized Swiss banking secrecy, although lawmakers say it is far from a done deal. Recent weeks have seen an...
by Antonio Rodriguez | May 23, 2013 | Uncategorized
The Internal Revenue Service believes that there are millions of Americans who have failed to file FBARs; short for Report of Foreign Bank and Financial Accounts. Taxpayers with offshore holdings of $10,000 or more are required to report those holdings to the IRS. The...
by Antonio Rodriguez | May 23, 2013 | Uncategorized
by Ulrika Lomas, Tax-News.com, Brussels 17 May 2013 Spain's Finance Minister Cristóbal Montoro and US Ambassador to Spain Alan Solomont have recently signed an agreement between Spain and the US, designed to improve international fiscal compliance and...
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