IRS: International Authorities are “Closing the Net” on Global Tax Evasion
Offshore Account UpdatePosted in on February 28, 2020
News & Events
Category: Offshore Account Update
In January, we discussed the IRS’s announcement of the first major crackdown executed by the Joint Chiefs of Global Tax Enforcement (J5), a collaborative international law enforcement effort focused on combating the illegal use of offshore banks and shelter schemes for tax evasion. In February, the IRS released an update on the J5’s enforcement efforts in a News Release captioned, “J5 tax chiefs closing the net on global tax evasion.”Read More
Top 10 Tips When Selecting an Offshore Voluntary Disclosure Option
Offshore Account UpdatePosted in on January 31, 2020
IRS: International Tax Haven Crackdown Will Continue in 2020
Hot Topics, Offshore Account UpdatePosted in on January 28, 2020
In 2018, the Internal Revenue Service (IRS) formed the Joint Chiefs of Global Tax Enforcement, known as the J5, with tax authorities from Australia, Canada, the Netherlands and the United Kingdom. On January 23, 2020, the IRS announced the J5’s first major law enforcement initiative – a series of coordinated investigations that resulted in the takedown of a Central American bank suspected of “facilitating money laundering and tax evasion for customers across the globe.” According to the IRS, indictments of the bank’s clients are expected to follow.
Read More2019 Year in Review: Cryptocurrency, Offshore Bank Accounts, and FATCA Enforcement
Offshore Account UpdatePosted in on December 31, 2019
UAE, Switzerland, Mauritius and Marshall Islands are Among Countries No Longer Considered Tax Havens by the European Union
Offshore Account UpdatePosted in on November 4, 2019
