The long reach of the Panama Papers document leak toppled another executive after international tax fraud and money laundering allegations came to light.

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You may have “forgotten” to file a Foreign Bank and Financial Accounts Report (FBAR).  Maybe you forgot for several years.  You knew about the requirement, but didn’t like the idea, and you failed to alert your accountant to your offshore tax...

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A recent legal case profiles the determination of the Internal Revenue Service (IRS) to pursue and collect on tax fraudsters and those who do not report offshore tax holdings.

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Admitting it advised and helped its clients avoid paying US taxes, Israeli bank Mizrahi-Tefahot agreed to pay $195 million as part of a deferred prosecution agreement.

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The latest arrest in the international investigation of corruption involving Brazil’s state-run oil company Petrobras has led to a guilty plea.

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On the local and global stage, celebrities and high-asset persons turn up in headlines for alleged tax fraud. In Spain, Shakira is facing allegations that she failed to pay more than $16 million in taxes.

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The filing date for the Foreign Bank and Financial Accounts (FBAR) report is coming right up.  While filing on time allows you to fulfill your responsibilities as an American taxpayer, it also helps you avoid the sizeable penalties you can incur for...

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A former Swiss banker faces a life in exile after conviction on charges of commercial espionage after he reportedly sold details about German tax evaders to government officials.

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As far as reputation, the United States lost some gloss this year.  A non-governmental organization (NGO) that combats global corruption ranked the US six spots lower in their annual Corruption Perceptions Index.

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Described as a doyenne of the New York art scene, gallery owner Mary Boone intends to ask for leniency after pleading guilty to allegations of tax crime that were the result of an IRS criminal tax investigation.

 

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