A multi-year investigation of Credit Suisse found that the Swiss banking giant held funds for more than 22,000 United States taxpayers. To date, Credit Suisse has only provided the US government with the names of about 230, due to Swiss government restrictions. 463 more words
Tags » Offshore Accounts
The government has launched an advertising campaign targeting people who have been evading taxes by holding money in offshore accounts.
Chancellor George Osborne said the campaign aimed to make it “very clear” that if people hid money offshore “then we are coming after them”. 24 more words
The primary objective of any type of offshore banking strategy is to provide the investor with asset protection and financial privacy. Over the years, offshore banking has had many names and has been referred to as an “underground economy” privy only to unsavory types seeking to exploit loop holes in worldwide banking systems. 324 more words
RESIDENCE OF PARTICIPANTS IN 2009 OVDP AND FOREIGN COUNTRIES IN WHICH DISCLOSED FINACIAL ACCOUNTS WERE LOCATED
On January 6, 2014 the U.S. Government Account Office (GAO) reported to Senator Carl Levin, Chairman, Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, certain information about the participants in the 2009 IRS Offshore Voluntary Disclosure Program (OVDP). 308 more words
The Netherlands Antilles consist of the islands of Aruba ,Curacao and saint Martin. They have practiced bank secrecy but have not passed the appropriate legislation- look elsewhere. 457 more words