Holder Warns On Offshore Accounts, Says No Bank Is ‘Too Big To Jail’
That gasp you heard yesterday? It was the international banking community reacting to the announcement that Credit Suisse AG had pleaded guilty to conspiracy. It was the largest bank to plead guilty to...
View Article‘Staggering’ Sanctions Slapped On Wyly Brothers In Offshore Case
Staggering. That’s how a Manhattan federal judge described the sanctions imposed against Texas businessman Sam Wyly and his deceased brother’s estate today. The brother could expect pay nearly $400...
View ArticleObama Joins Blame Game As Companies Flee U.S. For Lower Tax Rates
Yesterday, during a Press Conference after the U.S.-Africa Leaders Summit in Washington D.C., President Barack Obama] announced who was to blame for the corporate tax inversion trend: accountants. He...
View ArticleGeoge Soros May Owe Billions In Taxes
George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States) has an estimated net worth of $24.2 billion – built largely...
View ArticleFBAR, FATCA Filings Top 1 Million
More than 1 million Report of Foreign Bank and Financial Accounts (more commonly, FBARs) were filed in 2015, a record high. Under the Banking Secrecy Act (BSA) and Foreign Account Tax Compliance Act...
View ArticleWhat Are The Panama Papers?
Yesterday, it was all anyone was talking about: the Panama Papers. And then the names spilled out: Messi. Ulloa. Putin. Cameron. It seemed that the Panama Papers were connected with a staggering number...
View ArticleIRS Announces 'Dirty Dozen' Tax Scams
Tax moves that sound too good to be true? Chances are they're on the Internal Revenue Service (IRS) "Dirty Dozen" scam list for 2018. The post IRS Announces 'Dirty Dozen' Tax Scams appeared first on...
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