Offshore Opportunities
More details of offshore accounts investigations revealed
Federal prosecutors have announced some 150 wealthy Americans, all customers of Swiss bank UBS, are under investigation for suspected tax fraud.
IRS-UBS agreement details released
The Justice Department has unveiled the details of the agreement it recently struck with Swiss bank UBS regarding the disclosure of the names of American citizens suspected of hiding assets in its accounts.
UBS reaches deal with U.S. tax authorities
Swiss bank UBS and the U.S. Justice Department have reached an agreement regarding the release of information on some 52,000 accounts held by American banking clients, according to media reports.
Money, Oil and Power
With its gross domestic product growing at an annual rate of 10 percent, China’s need for energy is growing and will surge by 150 percent by 2020. To sustain its growth, China needs increasing amounts of oil and has set its sights on the Middle East. It’s there China and the United States may butt heads, but China holds a trump card. Read this article to learn what China holds over the U.S. and what it means…
Warning: Offshore asset protection offers can be a scam
The Justice Department has filed a lawsuit against a couple who it alleges run a fraud scheme offering asset protection overseas.
Middle East Mayhem Could Push Oil Over $150 per Barrel
The philosopher Jean-Jacques Rousseau once said, “The more things change, the more they stay the same.” In the late 1970s there was a revolution in Iran, the stock market was in crisis, there was a young Democrat sitting in the Oval Office and a pop star that some had called “The King” had died prematurely. Sound familiar? Read this article to see what happened back then and how you can use that information to your advantage…
Swiss offshore case may near settlement
Media reports have suggested UBS, a major Swiss bank, as well as the U.S. and Swiss governments may be about to strike a deal that would help them avoid drawn out court proceedings.
Switzerland appears to succumb to pressure on banking regulations
Media reports have suggested Switzerland is close to an agreement on double taxation with the U.S. and Germany as pressure has been mounting on the country to relax its banking secrecy laws.
State amnesty better than federal offer in offshore cases, experts say
Much has been said about the Washington-announced amnesty for holders of undeclared offshore assets, but one expert says the states’ offers may be more attractive.
Obama: Crackdown on offshore assets will create more jobs
As the new administration continues to pursue individuals and institutions who it believes are implicated in hiding assets from the IRS, President Obama has explained the process will boost economic growth and jobs at home.
Bank not giving up on offshore opportunities
A Swiss bank at the center of U.S. tax authorities’ investigation into secret offshore accounts has asked a U.S. court to reject demands by the IRS for confidential information about its American clients.
Caribbean leaders call on Obama not to destroy offshore industry
At the Summit of the Americas, representatives of Caribbean countries have called on America and Britain not to threaten their financial services industry during difficult economic times.
Assault on offshore assets begins
The Justice Department has asked a federal court to allow the IRS to obtain information about taxpayers who use offshore accounts, and Swiss banks have announced they will be scaling down their discreet banking services.
IRS offers incentives to holders of offshore assets
The Internal Revenue Service (IRS) has announced it will offer leniency to Americans who come forward with assets invested in offshore accounts.
G20 may spell trouble for offshore investors
Politicians gathered at the G20 summit in London have vowed to crack down on tax havens by introducing cross-border regulation.
