Tags » Foreign Account Tax Compliance Act

European Parliament Issues Report on Role of United States as Tax Haven

This week’s blog post is written by Corney Versteden, Tax Partner with HLB Van Daal & Partners.

The Greens/European Free Alliance in the European Parliament (Greens/EFA) recently released a report titled “The Role of the U.S. 186 more words


Justice Department's First FATCA Prosecution Yields Guilty Plea

On May 9, 2016, the Justice Department announced that Gregg R. Mulholland, a dual U.S. and Canadian citizen and owner of an offshore broker-dealer and investment management company based in Panama and Belize, pleaded guilty to money laundering conspiracy for fraudulently manipulating the stocks of more than 40 U.S. 721 more words


Today’s Panama Papers Release May Require Immediate Action to Mitigate Risk of Criminal Prosecution

With Comprehensive Panama Papers Database to Be Released Today, and White House Call for Comprehensive Action to Combat Offshore Tax Evasion, Affected Individuals Should Consider Immediate Action to Mitigate the Risk of Criminal Prosecution… 1,129 more words

Criminal Tax

Americans Renounce Citizenship And Leaving

It seems crazy to call it the ‘New Normal’, but once again, record numbers of Americans are renouncing citizenship. Every three months, the Treasury Department publicly names individuals who renounced. 149 more words

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India, US join hands in hot pursuit of tax evaders and terror financing

As nations across the globe are in hot pursuit of tax evaders and terror financing, India and the US have agreed to step up their joint work in this area, while Washington has extended its support for India’s trillion-dollar infrastructure development needs. 270 more words

"So Many Secret Accounts": Republican Doom Talk Helps Enable Big-Time Tax Evaders

So the first impulse is to discuss these Panama Papers in terms of the big crooks like Valdimir Putin. But let’s hope they get some traction on the presidential campaign trail and put the issue of tax havens at the center of the debate. 943 more words