Tax Law Blog

The longtime effort to develop a global minimum tax rate hit a big snag when U.S. legislators recently proposed a “revenge tax” on investors from countries that apply such a tax to U.S. companies.

A recent study takes a fascinating look at what drives high-asset individuals to invest in offshore accounts.

Immigration of wealth never goes out of style. As countries vie to attract high-asset immigrants, two recent proposals stand out: a U.S.-based “Gold Card” initiative and the U.K.’s proposed “Britannia Card.”

For most mistakes, minor infractions, or errors, the Internal Revenue Service (IRS) will assess a penalty with interest. If the IRS believes a tax crime was committed, the outcome could be different.

Considering a foreign bank account? It pays to know where your money might be going.

While the name is pretty vanilla, a “John Doe” summons is an important tool when the Internal Revenue Service (IRS) is looking for taxpayers who may be involved in tax evasion.

Globally and at home, money laundering is illegal, highly profitable—and a big problem.

To counter tax fraud and tax evasion, the Internal Revenue Service (IRS) requires individuals who have money in a foreign bank account or offshore tax haven to file specific reports. Those reports include the Foreign Account Tax Compliance Act...

Wealthy investors able to pony up $5 million may soon be able to buy entry into the United States and a road to citizenship through a “Gold Card.”

In late December, a federal court judge authorized a summons from the Internal Revenue Service (IRS) requiring businesses associated with Trident Trust Group to produce information regarding foreign bank accounts and offshore tax havens used by U.S....