Tags » Offshore Accounts

Cayman Islands Target of Offshore Investigation

MarketWatch, The Wall Street Journal, reported:

Undercover agents from the Internal Revenue Service conducted a yearlong probe that led to the arrests in Miami last month of three financial advisers based in the Caribbean territory.

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Treasury to Treat Jurisdictions with FATCA Agreements in Substance as Agreements in Effect to Prepare for Start of Law

The Treasury Department and the Internal Revenue Service (IRS) announced that more jurisdictions will be treated as having intergovernmental agreements (IGAs) under FATCA.

Here are some excerpts from the Treasury Department… 290 more words


Budget Cuts Will Affect IRS' Ability to Use Information Gathered Through FATCA

IRS Commissioner Koskinen says budget cuts will limit the government’s ability to use information supplied by other governments under FATCA to track down tax evaders. Congress enacted FATCA in 2010 to target U.S. 73 more words


US Corporations Avoid Tax at the Expense of the US Taxpayer

The US Securities & Exchange Commission has reported that Apple, Cisco Systems, Google, and Microsoft hold billions in US Treasury securities and in US government agency debt in accounts overseas. 181 more words

Climate Change

Senate Subcommittee Says Credit Suisse Helped More than 22,000 US Taxpayers Hide Money Overseas

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