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.Read More
A November 2018 memorandum from the Internal Revenue Service (IRS) establishes new methods for handling voluntary disclosure of offshore accounts.Read More
German investigators descended on the headquarters of Deutsche Bank in Frankfurt, Germany, in late November, a devastating setback to an institution struggling to reset after years of fines and bad press over financial misconduct.
While it seems like an awkward term, a US person is a designation used by the Internal Revenue Service (IRS) to identify who must file taxes in this country.Read More
The Panama Papers leak has yielded its first criminal indictment in the United States.
As the federal government struggles its way out of the longest shutdown in history, there are probably not too many tears shed for the once mighty Internal Revenue Service (IRS). Yet on both sides of the aisle, there may be concern for the growing...Read More
In early December, the British Immigration Minister announced the Tier 1 visa program would be halted on December 7, 2018, to be followed by an audit into allegations of money laundering and tax fraud. By mid-December, the Home Office had reversed...Read More
What do maritime flags and the expensive purchase of citizenship have in common? Oftentimes, tax fraud.
Taking a fresh swipe at transnational tax crime, the Joint Chiefs of Global Tax Enforcement (J5) recently announced a crackdown on enablers of global tax fraud and the inappropriate use of cryptocurrencies.Read More
Concealing assets and value in foreign bank accounts during divorce can lead to an IRS criminal tax investigation.
For high wealth individuals and couples, the use of offshore tax havens is common. When done legally, placing wealth in offshore...Read More