We had posted on September 9, 2014 10 Swiss Banks Withdraw From US DOJ's Program where we discussed that According to Swiss newspaper NZZ am Sonntag, quoting unnamed sources, 10 Swiss Banks that requested the US Department of Justice's non-prosecution program have now withdrawn from it because they have decided they did not systematically break US tax laws (Lets…
Read more
What Expatriating Americans Need to Know About Their Social Security Benefits?
As we pointed out in our post entitled US Expatriation Continues to Increase At a Record Pace in 2014! Here we discussed that the number of Americans renouncing U.S. citizenship stayed near an all-time high in the first half of the year before rules that make it harder to hide assets from tax authorities came…
Read more
Credit Suisse To Pay $1.8 Billion for Conspiracy Aid Taxpayer's Evade U.S. Taxes!
On Monday, March 17, 2014, we posted "Are You A Credit Suisse Client? You May Want to Make Your Voluntary Disclosure NOW!", where we discussed that on Wednesday, March 12, 2014, a former Credit Suisse Banker, Andreas Bachmann, pleaded guilty to conspiring to defraud the Internal Revenue Service (IRS) in connection with his work as…
Read more
Taiwan Provided the US Financial Information on 4,273 US Green Card Holders Under FATCA!
According to The China Post The Financial Supervisory Commission's (FSC) chairman Tseng Ming-chung met with the U.S. treasury from Nov. 2 till Nov. 5 and signed an Intergovernmental Agreement (IGA) under the Foreign Account Tax Compliance Act (FATCA) that will see Taiwanese financial institutions directly providing 4,273 Taiwanese green-card holders and American citizens' bank account…
Read more
