October 26, 2021

The Government crackdown on offshore tax dodging just got real

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By Alan Pyke From Think Progress Over 77,000 separate foreign banks and financial firms will start sharing information on their American accountholders with the Internal Revenue Service (IRS) in cooperation with a major crackdown on offshore tax evasion, the Associated Press reports. Under the Foreign Account Tax Compliance Act (FATCA), banks that continue to withhold […]

US court rejects banking associations challenge to Caribbean offshore tax compliance

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From Caribbean360 The DOJ said that the Florida Bankers Association and Texas Bankers Association had challenged the 2012 amendments to the Department of the Treasury‚Äôs interest-reporting regulations. WASHINGTON D.C., United States, Thursday January 16, 2014, CMC – The United States Department of Justice (DOJ) says the District Court in the District of Columbia has dismissed […]