The Norwegian Ministry of Finance announced on April 15, 2013 the signing of an agreement with small t and will as he United States for an automatic exchange of financial information between the countries’ tax authorities, pursuant to the U.S. Foreign Account Tax Compliance Act (FATCA). The agreement makes Norway the second Nordic nation to enact FATCA,…
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The Noose Tightens as Criminal Charges are brought against a Swiss Banker and a Swiss Attorney.
Authorities charged a Swiss banker and a Swiss attorney with helping American clients hide millions of dollars in offshore accounts to evade paying taxes. The case is the latest in a string of prosecutions from the Justice Department aimed at curtailing offshore tax evasion services sold by Swiss and Swiss-style banks.Stefan Buck and Edgar Paltzer…
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Obama Budget Would Bring Parody To FATCA Information Exchange
The Obama fiscal year 2014 budget contains language that would require the United States to collect and exchange the same kinds of information under the Foreign Account Tax Compliance Act (FATCA) that the United States is seeking from other countries. The Obama administration may soon ask Congress for the power to require more disclosure by U.S. banks of…
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The IRS Can Read Your Emails If It Wants.
If you've been swapping emails with your accountant about the best way to avoid paying taxes, be aware: The IRS says it has the right to go into your account and read them. A report from the American Civil Liberties Union, which filed a Freedom of Information Act request to find out whether the IRS is…
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