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…
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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…
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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…
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The U.S. Exchange of Information & FATCA
The U.S. Treasury has indicated that the lack of a double tax treaty or tax information exchange agreement will not prevent a jurisdiction from entering into a FATCA Intergovernmental Agreement with the U.S. as the U.S. would be willing to sign an IGA and a TIEA at the same time. The U.S. exchange of information network…
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