Leaking names is a serious offense. And the one who is guilt must be punished in order to avoid such incidents in future. A former Internal Revenue Service examiner was arrested today at his home in Edgewater, N.J. on charges that he illegally leaked the name of a confidential tax whistleblower to an executive of…Read more
Reed Amendment Gernerating Enforcement in 2012?
We have learned about 2-3 Expatriates who were recently denied entry into the US by Homeland Security at the Airport and put on the next plane out of town. These events happened at at different Metropolitan Airports in different US cities. We have also heard that some U.S. consular officers may have unofficially applied the Reed Amendment…Read more
50 of the World's Safest Banks – Most Are Non US.
According to Global Finance Magazine’s ranking of the world’s safest banks, the top 9 banks in the magazine’s World’s 50 Safest Banks list are all state-backed institutions. All indications from this report is that for banking safely, global citizens had better go to the local government and avoid the U.S. The 2012 list is comprised…Read more
US Taxpayers Living in Canada – This is Your Last Chance To Report your Offshore Account!
We previoustly posted More Swiss Bank Files Being Transferred to the IRS! - where we discussed that Credit Suisse AG has handed over more internal documents to U.S. authorities. "The documents concerned comprise e-mail correspondence, including attachments, with clients domiciled in the U.S., as well as internal e-mail correspondence, including attachments, about clients domiciled in…Read more