Swiss Bank Settlements-What’s Next for U.S. Taxpayer’s?
By Sanford Millar of MillarLaw A Professional Corporation On Monday, April 20, 2015
The Department of Justice has released the signed Non-Prosecution Agreement NPA) with Swiss bank BSI SA. The Non-Prosecution Agreement is likely the precursor to enhanced enforcement efforts by the DOJ and IRS against those taxpayers who have not yet come forward and disclosed previously unreported offshore accounts. The DOJ has publicly stated that it will … Continue reading Swiss Bank Settlements-What’s Next for U.S. Taxpayer’s?
The death of hidden offshore accounts
By of MillarLaw A Professional Corporation On Sunday, January 4, 2015
The future for offshore tax planning, also known as “aggressive tax planning” is likely to be limited to if not curtailed by the global exchange of information agreement signed in October, 2014 by 51 countries and growing. The link below is to a video summary of the predicted consequences of the new agreement. http://www.dw.de/interview-with-achim-pross-of-the-oecd/av-18029709 What … Continue reading The death of hidden offshore accounts