tax evasion »
5 Nations Agree to Combat Tax Evasion
In a joint statement, the United States, France, Germany, Italy, Spain and the United Kingdom agree to improve tax compliance and an approach to implement the Foreign Account Tax Compliance Act (FATCA). The nations
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FATCA gets new set of proposed regulations
The U.S. Department of Treasury and the Internal Revenue Service (IRS) has issued another set of proposed regulations implementing the reporting and withholding requirements under the Foreign Account Tax Compliance Act or FATCA. In
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U.S. indicts Swiss Bank, Wegelin, for aiding in tax evasion
The United States Department of Justice announced Thursday an indictment against Wegelin and three of the banks’ client advisors. Wegelin is the first Swiss lender to face criminal charges by the U.S. The 271
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IRS Catching Up with Offshore Tax Evaders
International tax evasion is becoming a riskier proposition, according to the Internal Revenue Service (IRS). A second push for voluntary disclosure produced 12,000 new applications in 2011 bringing the total to 30,000 since 2009.
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