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Fatca

FATCA: Are Transnational Criminal Networks Influencing US Policy?

Natasha Srdoc | Posted 01.18.2015 | Business
Natasha Srdoc

There is a fundamental difference between the privacy of banking accounts and hiding beneficial ownership in order to commit crimes. The benefits of tracking organized crime, terrorism financing and tax evasion far outweigh the risks to privacy and secrecy of accounts, which is already adequately protected by rule of law nations.

Expatriate Tax Sense or Broad-Brush Overreach: The U.S. Foreign Account Tax Compliance Act (FATCA)

Wendy N. Powell | Posted 10.27.2014 | Politics
Wendy N. Powell

In an attempt to close a gap that foreign investors could use for tax avoidance in the proverbial Swiss bank, we now have a worldwide system of taxation enforcement trailing to the IRS.

Republicans Urge Congress To Repeal Anti-Tax Dodging Law

Reuters | Posted 03.26.2014 | Politics

By Patrick Temple-West WASHINGTON, Jan 24 (Reuters) - The Republican National Committee (RNC) on Friday called for the repeal of a U.S. ...

Christina Wilkie

More Americans Decide Not To Be American

HuffingtonPost.com | Christina Wilkie | Posted 08.12.2013 | Politics

WASHINGTON -- The number of individuals who renounced their U.S. citizenship jumped to 1,131 in the second quarter of this year, a whopping sixfold in...

Should Lex Americana Be Universal? FATCA Turns Foreign Banks Into Tax Informants

Georges Ugeux | Posted 08.21.2013 | Business
Georges Ugeux

Could our U.S. lawmakers have acted as an apprentice sorcerer? Might it have opened the Pandora box? The next few months will certainly provide further interesting developments.

Rand Paul Effort Has Little Chance Of Winning Approval

Reuters | Posted 07.07.2013 | Politics

By Patrick Temple-West WASHINGTON, May 7 (Reuters) - U.S. Senator Rand Paul introduced a bill late on Tuesday that would repeal parts ...

Catherine New

New IRS Rules Convince Some Americans To Ditch Passports

HuffingtonPost.com | Catherine New | Posted 11.09.2012 | Money

In 2005, Richard Morrison made a major life change. He moved from the sunny climate of San Diego to the chillier environs of London. It was a good mov...

FATCA: The U.S. Flexes Its Waning Economic Muscle Abroad

Giles Gibson | Posted 01.06.2013 | Business
Giles Gibson

Typical of the taxman's inimitable use of the English language worldwide, the title doesn't exactly sound particularly menacing. However, the shockwaves from this recent piece of legislation are being felt around the financial world.

Regulations For Untaxed Swiss Bank Accounts In The Works

Posted 08.10.2011 | Business

ZURICH (Catherine Bosley) - Swiss and U.S. authorities have held informal exploratory talks that touched on regularizing untaxed money held by wea...