The Internal Revenue Service did not always comply with statutory requirements when conducting seizures of taxpayer property, according to a new report that found a handful of instances of such violations. The report, released Monday by the Treasury Inspector General for Tax Administration, did not identify any instances in which taxpayers were adversely affected by…
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Netherlands – changes in legal framework on Dutch BVs
Introduction of the “Flex BV” With effect from October 1, 2012 new rules will come into force in the Netherlands regarding the incorporation and daily management of Dutch BVs. The new rules are aimed at providing greater flexibility in the set up and day to day management of BVs. This flash email provides you with…
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Authorities Bought Coutts Bank's Depositor's List
The German state of North Rhine-Westphalia has bought another stolen CD containing confidential details of Swiss bank accounts, it is reported. The state is already notorious for having bought a CD containing bank client data stolen from Credit Suisse in Zurich, which led to the prosecution of hundreds of German taxpayers with undeclared Swiss accounts.…
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Tax amnesty offered to Americans in Mexico
The U.S. Internal Revenue Service said it will waive potentially massive penalties for certain “low compliance risk” tax payers who opt to come clean. The IRS is aware that some U.S. taxpayers living abroad have failed to timely file U.S. federal income tax returns or Reports of Foreign Bank and Financial Accounts (FBARs). Some of…
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