Australia set to sign treaty with switzerland
Australia is to sign a new tax treaty with Switzerland "at the earliest opportunity" as its government joins others around the world in making long standing bank secrecy arrangements more transparent.
Tax Evasion
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us senator introduces bill to repeal
A US senator has introduced a bill to repeal "anti-privacy" provisions of the controversial Foreign Account Tax Compliance Act, arguing that FATCA "infringes upon basic constitutional rights".
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us congressman unveils bill to stop corp tax abuse
A US congressman has introduced a bill aimed at deterring the use by American corporations of offshore tax havens, as the effects of an earlier US crackdown targeting individuals FATCA reverberate around the world.
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uk unveils fatca type info exchange
The UK Government today announced that it is to develop and pilot a new “multilateral tax information exchange agreement” with four of its largest EU fellow members.
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what the experts said the 2013 budget
What did Chancellor George Osborne really say in his Budget speech yesterday…and what unremarked-on points lay hidden in the full, 112-page Budget document? We asked some experts…
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italians protest as redditometro unveiled
A new “strumento” for use by the Italian authorities to track down tax evaders is being likened by critics, including some newspaper columnists, to the tactics of a police state.
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british government rumoured to be planning son
Britain’s overseas territories, including the Crown Dependencies, Gibraltar and the Cayman Islands, are expected to be seeking official confirmation with some urgency of a report that the UK government is planning a ‘son of FATCA’ aimed at obtaining information on all accounts held by British taxpayers.
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hmrc tax hotline rings off the hook
HMRC has received more than 400,000 calls to its tax evasion hotline during the past five years, according to data obtained via a freedom of information request.
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budget 2012 takeaways for international advisers
George Osbornes 2012 Budget was promoted as benefitting Britains less well off, but as the dust settled on the 114-page document this afternoon, it seemed few are likely to benefit quite so much as those tax experts who specialise in translating what it all means to the wealthy, international individuals who are their clients.
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gentler more focused fatca unlikely
As FATCA watchers around the world keep checking their smartphones for news that the final guidance on the incoming US legislation has been issued, some experts are doubtful that the US Treasury will be able to keep to its recently-stated vow to try to make things easier for foreign financial institutions that will be affected.
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us seen bowing to pressure on fatca
Bowing to pressure from foreign governments, financial institutions and expatriate Americans around the world, the US is seen to be planning to make significant changes to its unpopular FATCA reporting requirements, which are due to take effect in 2013.
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harry redknapp dogs name for account
Harry Redknapp, manager of the Tottenham Hotspurs football team, used his dogs name and the year of his birth to identify a secret bank account he opened in Monaco to hide bungs he received, a London court was told yesterday on the opening day of his trial into alleged tax evasion.