Archive by Year:2013

Swiss Banks handing over US Taxpayer banking information to the Department of Justice!

Offshore Account Update

Posted in on December 24, 2013

US Taxpayers have one week to come forward and disclose their accounts before December 31, 2013.

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U.S. Treasury Department Announces Cayman Islands And Costa Rica Agree To Implement FATCA, Sign Agreements To Disclose U.S. Accountholder Information

Press Releases

Posted in on December 13, 2013

Kevin Thorn of Thorn Law Group discusses impact of recent Intergovernmental Agreements (IGA’s) with the Cayman Islands and Costa Rica. The IGAs require Cayman and Costa Rican banks to disclose account information to the U.S. government.

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Bank Frey Closes its Doors: Are There any Swiss Banks Remaining who will take United States Clients?

Press Releases

Posted in on December 2, 2013

Kevin E. Thorn of Thorn Law Group discusses the growing impact U.S. investigations of Swiss banks is having on U.S. clients and asks the question “Is it too costly for Swiss and other European banks to keep U.S. account holders?”

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Swiss Banks Moving Forward on Disclosures of U.S. Account Information

Press Releases

Posted in on November 22, 2013

Thorn Law Group reports Swiss Finance Minister's announcement that Switzerland has taken two major steps in dismantling its longstanding institution of bank secrecy by signing the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters and agreeing to disclose account information on international data exchange.

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Court Grants IRS "John Doe" Summonses on US Banks!

Offshore Account Update, UBS / HSBC

Posted in on November 13, 2013

IRS issues summonses to five US Banks for account holders suspected of tax evasion.

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