U.S. Citizens in Canada InfoShop

2013 Mar 6 – Saunders

 
Laura Saunders
Offshore tax probe picks up
Wall Street Journal (6 Mar 2013)

http://online.wsj.com/article_email/SB10001424127887324034804578344280151020580-lMyQjAxMTAzMDAwODEwNDgyWj.html

Print: (7 Mar 2013) C1

In the past four years, US officials have derived $5.5 billion in taxes and penalties from offshore accounts of 38,000 persons. Pursuit is widening from first two Swiss banks to other Swiss banks, HSBC, and Israeli banks. Nine countries have signed or initialed FATCA agreements, and 40 others are in negotiations. It is unlikely that China will comply.
 

Written by usxcanada

6 March 2013 at 6:00 am