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Offshore Accounts

This Bank Got Caught In The Middle Of Two Massive Corporate Scandals In One Week

The Huffington Post | Ben Walsh | Posted 04.06.2016 | Business

When leaked documents expose dirty money or hidden wealth, international lender HSBC has an unfortunate knack for being involved. In the last five day...

The U.S. Is Now A Top Global Tax Haven

The Huffington Post | Willa Frej | Posted 11.02.2015 | Business

The United States has become a top tax haven for foreign companies, despite the Obama administration's efforts to crack down on U.S. firms stashing mo...

Ben Hallman

Tax Cheats Need A New Place To Hide Their Money | Ben Hallman | Posted 08.29.2013 | Business

For the discerning American tax evader, there once was no more desirable location than Switzerland to stash cash. Swiss banks were prized for thei...

Mega-Rich Use Tax Havens To Buy And Sell Masterpieces

ICIJ | Mar Cabra and Michael Hudson | Posted 04.04.2013 | Business

Famed Spanish art patron uses island haven in South Pacific to manage her collection. Tourists who come to Spain’s capital often make a pilgrimag...

Ben Hallman

New 'Territorial' Tax Push Could Allow Companies To Pay Even Less In Taxes | Ben Hallman | Posted 03.06.2013 | Business

Corporate profits are soaring, but many of the largest American companies say they need tax relief in order to compete with foreign foes. On Wedn...

Swiss Bankers Charged For Hiding Millions In Offshore Accounts

Reuters | Posted 12.19.2012 | Business

Dec 19 (Reuters) - The U.S. Attorney's Office in Manhattan announced charges Wednesday against three Swiss bankers, who the government said conspire...

Jason Cherkis

Did Romney Use An Offshore Loophole To Avoid Taxes? | Jason Cherkis | Posted 08.17.2012 | Politics

WASHINGTON -- Presidential candidate Mitt Romney's tax returns may be more incomplete in their public release than was previously thought. Filings rel...

Be Like Mitt!

New York Times | ADAM DAVIDSON | Posted 09.23.2012 | Money

Earlier this month, I decided to see how hard it would be to set up my own offshore bank account. I figured it would be pretty difficult, because I'm ...

Authorities Raid Homes Of Swiss Bank Clients, Employees

Reuters | Posted 09.10.2012 | Business

* Credit Suisse clients raided in shift from banks, employees * Swiss bank believes exempt following German deal last September ...

IRS To Give Americans With Offshore Accounts A Break

Reuters | Posted 08.26.2012 | Business

By Lynnley Browning June 26 (Reuters) - Many Americans living abroad will get a small reprieve from U.S. Internal Revenue Service rule...

Judge Rules Billionaire Can't Blame Bank For His Own Tax Evasion

Reuters | Posted 06.10.2012 | Business

* Judge dismisses case a month before trial * Former client tried to blame Swiss bank By Lynnley Browning ...

Spotlight On: Mitt!

Susie Sampson | Posted 04.01.2012 | Comedy
Susie Sampson

Last week I put a spotlight on Newt... this week it's Mitt's turn! Things certainly seem tight in this race and Americans are still torn: Do they want a president with cult membership and offshore accounts or do they want to go to the Moon?!

The Top 10 Tax Havens

The Huffington Post | Harry Bradford | Posted 12.04.2011 | Business

Governments from 20 of the wealthiest nations in the world vowed in 2009 to tighten regulations that allowed for rampant tax evasion in nations and te...

Taxman Uses YouTube With Warning To Tax Dodgers

Times Online | Posted 05.25.2011 | Technology

The taxman is making his first appearance on YouTube today in an attempt to increase pressure on savers who have not declared their offshore accounts....

Global High Wealth Industry Group Created: New IRS Brings Unit Will Target The Very Wealthy

Wall Street Journal | MARTIN VAUGHAN | Posted 05.25.2011 | Business

WASHINGTON -- A new Internal Revenue Service enforcement unit targeting the very wealthy will help the tax agency decode partnerships, offshore trusts...

Tax Deadline Nears For Americans With Offshore Bank Accounts

New York Times | LYNNLEY BROWNING | Posted 05.25.2011 | Business

Thursday is the deadline for Americans to come clean about the money they have hidden offshore, in places like Swiss bank accounts. No one can say wit...

Credit Suisse Starts Shutting 2,500-5,000 U.S. Offshore Accounts

Reuters | Posted 05.25.2011 | Business

Swiss bank Credit Suisse has started closing down the offshore accounts of U.S. clients who have not declared the money to the U.S. authorities, a new...

U.S. Taxpayers and The I.R.S. Qualified Intermediary Program

Gary S. Wolfe | Posted 05.25.2011 | Business
Gary S. Wolfe

U.S. Prosecutors allege UBS deliberately abused the Qualified Intermediary Program ("QI Program"), selling offshore banking services to U.S. Taxpayers to evade taxes.