With more than 54,000 taxpayers coming in to participate in offshore disclosure programs since 2009, the Internal Revenue Service today reminded U.S. taxpayers with undisclosed offshore accounts that they ... Read More
As I expected, the Foreign Account Tax Compliance Act (FATCA) and its related controversies have not gone gently into that good political night. For starters, Republican U.S. Senator Rand ... Read More
The British Virgin Islands (BVI) Government has told financial institutions that the deadline for registration under its newly launched Financial Account Reporting System (BVIFARS) to facilitate FATCA compliance is ... Read More
HSBC Holdings and the city of Hong Kong, which were last month linked to an international tax evasion network, are currently under scrutiny as part of efforts by U.S. ... Read More
Financial Secretary John C Tsang stressed how Hong Kong has made substantial efforts to introduce the new global standard for the automatic exchange of tax information, while also ensuring ... Read More
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