republican party committee votes in favour
The Republican Party has formally approved a resolution that calls for the repeal of the Foreign Account Tax Compliance Act.
Tax Evasion
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us banking lobby urges congress to
Ricardo V, a well-to-do Brazilian executive travels frequently between São Paulo and New York. He does not take one of the many non-stop flights, however. Rather he books a trip with a Miami stop-over. The Miami stop is not about company business, shopping or visiting relatives.
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uk overseas territories full part in curbing tax
Leaders of the UK’s overseas territories have formally stated that they will continue to “play a full part” in tackling tax evasion and fraud, at a summit in London.
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tax justice network again names switzerland
Switzerland has once again been named the world’s most secretive jurisdiction by the Tax Justice Network, a UK-based campaign group.
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jersey and guernsey sign fatca agreements
The Channel Islands of Jersey and Guernsey have signed 'intergovernmental agreements' on the automatic exchange of tax information with the UK, adding to existing provisions that currently provide for information to be exchanged between the authorities of the two Crown Dependencies and the United Kingdom.
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us war on tax evasion claims another swiss
A private bank based in Zurich and founded just 13 years ago has become the second Swiss bank to close in the wake of US efforts to crack down on the use of such institutions by American taxpayers.
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jersey guernsey iom revel in
Officials from the three UK Crown Dependencies have been calling attention to a House of Commons statement by Britain’s Prime Minister, David Cameron, in which he said they were not tax havens.
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us lawmakers seek to make it harder
A bipartisan group of US lawmakers has introduced legislation aimed at making it harder for criminals to carry out financial crimes in the US, in part by putting an end to the ability to form corporations without disclosing the identities of those behind them.
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from today tax offences in Singapore
From today, some forms of tax avoidance will be regarded as money laundering “predicate offences” in Singapore.
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swiss lawmakers reject bill to weaken
By a two-to-one margin, Switzerland's lower house of Parliament voted late on Wednesday to reject a draft law that would have allowed the country's banks to pass depositors' information to US authorities.
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swiss reach agreement on way for its banks
The Swiss government said today that it had reached agreement on proposed legislation that would enable the country’s banks to comply with requests by US authorities for information in connection with their tax evasion investigations.
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the ldf vrs the isle of man disclosure
A little-noticed aspect of the UK's "FATCA" agreements with its three Crown Dependencies is that they are to be accompanied by "tax amnesty" schemes designed to encourage take-up. Here,Crowe Clark Whitehill's John Cassidy looks at how the first of these stacks up next to the LDF.