Heads of G20 countries meet today, September 5, 2013 in St Petersburg, where they will sign an agreement to counter 'Aggressive Tax Planning' by multinational companies. The global paradigm change in the fight against tax avoidance and evasion is set to be taken further by G20 leaders. The EU, with its considerable expertise and experience –…
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Offshore US Tax-Dodger Dragnet Widens!
The U.S. government, stepping up its pursuit of American offshore tax dodgers worldwide, stands to gather an abundance of leads through a bank information-sharing deal between the United States and Switzerland, tax lawyers said on September 3, 2013.Last week we posted Swiss Banks Agree to Plan to End Past US Tax Evasion Issues which marked a…
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IRS Continues Cracks Down on Undeclared Israeli Bank Accounts!
We originally posted about US taxpayers with undeclared income from Israeli Bank Accounts on Thursday, September 8, 2011 "More Tax Problems for U.S. Citizens with Foreign Bank Accounts in Israel" and more recently on Monday, March 11, 2013 "IRS Targets Israeli Banks and Their US Client;" now we have come to discover that Aaron Cohen of Encino, Calif.,…
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IRS Releases Summer 2013 Statistics of Income Bulletin
WASHINGTON — The Internal Revenue Service announced September 3, 2013 that the summer 2013 issue of the Statistics of Income Bulletin is available at IRS.gov. The summer 2013 issue features data from Form W-2, Wage and Tax Statement, filed with individual income tax returns for tax years 2008 through 2010. The Statistics of Income (SOI) Division…
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