165 results found

The U.S. Treasury announced that on April 11, 2014, India agreed "in substance" to sign a Model 1 FATCA IGA with the US.

U.S. Senators Carl Levin and John McCain wrote a letter urging the Justice Department to seek extradition of about 30 Swiss bankers.

Swisspartners Group resolved a U.S. criminal tax probe by forfeiting $3.5 million and paying $900,000 in restitution for helping U.S. clients evade taxes.

On March 28, 2014, the U.S. signed a FATCA IGA with Luxembourg.

On May 6, 2014, the Ministry of Finance of Singapore announced that Singapore had agreed in substance on a Model 1 FATCA IGA.

A CPO and CTA paid a $60,000 fine to settle NFA Business Conduct Committee ("BCC") charges that it had committed a number of violations with respect to the operation of offshore pool funds.

Tax Analysts reports that H. Ty Warner, owner of Beanie Babies production company TY Inc., was charged yesterday with federal tax evasion for allegedly failing to report on his 2002 Form 1040 more than $3.1 million in gross income earned through investments in a secret offshore financial account he held with UBS.

A federal grand jury in Los Angeles, California, indicted Shokrollah Baravarian for Klein conspiracy: conspiracy to defraud the United States.

The IRS recently issued Announcement 2016-27, which provides guidance on which jurisdictions are treated as if they have an intergovernmental agreement (IGA) in effect...

The IRS released the final version of Form W-8BEN-E, "Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities)".

On February 26, 2014, the U.S. Senate's Permanent Subcommittee on Investigations will hold a hearing on "Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts."

The Financial Industry Regulatory Authority (FINRA) published in January a 16-page list of regulatory and examination priorities for 2012.

On October 8, 2014, Swiss officials announced that they intend to negotiate a reciprocal Model 1 FATCA IGA to replace the Model 2 IGA that they signed in 2013.

The US Department of the Interior (DOI) has announced plans to revise the Bureau of Ocean Energy Management's (BOEM) 2024 Risk Management and Financial Assurance Rule for offshore oil and gas operations.

Harneys was recently offered a fantastic speaking and sponsorship opportunity by the organisers of the 2015 Alternative Asset Summit in Las Vegas.

On May 5, 2016, the Obama administration announced a series of proposals that will be sent to Congress designed to combat the disguising of international financial dealings...

FATCA requires sponsored entities (including those governed by an IGA) to have their own Global Intermediary Identification Number (GIIN) for FATCA reporting and withholding purposes by 31 December, 2016.