Tax evasion is illegal. U.S. citizens can go to jail and also be charged with substantial penalties for this crime. That's why it is so important to understand what constitutes tax evasion. If you aren't comfortable filing your own tax return then it makes sense to hire...
As a United States citizen, one of your biggest grumbles may be getting taxed every year. You may feel that you are being taxed entirely too highly while others pay too little or even nothing at all. This has certainly been an issue that has caused much...
President Barack Obama has set forth an important initiative with the aid of Congressman Neal, Senator Kerry, Chairman Baucus and Rangel. The agenda is to empower the government of the United States of America to combat oversea tax havens, such as Swiss bank accounts.
On May 11, 2018, the Financial Crimes Enforcement Network implemented a rule with the intention of fighting against illegal financial activities committed by many businesses. Some of these crimes include fraud, tax evasion and money laundering. This new rule is known as the beneficial ownership rule, and...
The nation of Switzerland has always been one of the prized goals for many of the world's leading tax evasion lawyers and investigators. In 2009, the largest bank in Switzerland, UBS AG entered into an agreement with the U.S. tax agencies that would allow it to pay...
FATCA or the Foreign Account Tax Compliance Act is a tax law requiring United States citizens both abroad and within the country to file yearly reports regarding any foreign account holdings. The intention of this act is the promotion of transparency in the international financial services sector...
With the assistance of the Internet, many companies can easily generate relationships with potential customers across the globe. What that means is that sales could be generated from their home country or from anywhere in the world. These companies, referred to as transnational corporations or TNCs must,...