HMRC paid over £500,000 to whistleblowers last year
Up 75% from five years ago
IRS
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IRS admits it cannot cope with volume of Fatca reports
‘Limited IT resources, funds and personnel’ are forcing the taxman to prioritise enforcement actions
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US targets wealthy tax evaders using Panama law firm
10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses
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US flags Maltese pension plans as ‘potentially abusive’
Government body warns they may be facilitating tax avoidance
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Global life insurer admits it helped US citizens hide $1.45bn
Company and its subsidiaries concealed the money in offshore insurance policies
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German bank to shut accounts of US customers
As savings firm denies services to dual UK and American citizens due to Fatca
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‘Accidental’ Americans launch Fatca legal actions in Europe
They argue Belgium and Luxembourg should stop ‘illegal’ transfers of data to the US
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EU Council demands meeting with IRS over Fatca
People are ‘facing high renunciation fees and a very complex procedure’ to waive their US citizenship
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‘Accidental’ Americans take legal action against US
They allege violation of the constitution and breach of international laws
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Switzerland orders 12 banks to comply with Fatca
They will have 20 days to share their client data with the US taxman
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Dutch government takes action on Fatca
As it asks banks to cooperate with ‘accidental’ Americans
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‘Accidental Americans’ file discrimination lawsuit
They are being turned down when applying for bank accounts in France because of Fatca