TAX 360

Non-US Citizens’ Account Info Could Fall
Through Cracks

By Natalie Olivo, 8 April 2019

The American system for exchanging people’s financial information with tax administrations in different jurisdictions is relatively one-sided compared with how other nations swap data, which could mean U.S. bank accounts ….

Financial Times

The search for second passports and offshore havens

www.ft.com – Saturday, 8 April 2017

For the past year or so, members of the political class around the world have been sticking nationalist badges on to the lapels of their dark suits. The international….

Frankfurter Allgemeine

Land der unbegrenzten Steuertricks

www.faz.net – 14 May 2016

Mit brutaler Entschlossenheit haben die Vereinigten Staaten andere Länder dazu gebracht, Steueroasen auszutrocknen. Die eigenen aber verschonen die Amerikaner. Ist das alles ein abgekartetes Spiel?….

forbes.com

Privacy vs. Secrecy: The Importance Of Financial Confidentiality In Banking

finews.com – Friday, 17 February 2017

The United States has recently been lambasted for becoming the world’s favorite new tax haven. By not implementing new global disclosure standards….

Tax Notes

News Analysis: Privacy, Privilege, and the Panama Papers

Lee A. Sheppard 2016

The two journalists from Süddeutsche Zeitung to whom the Panama Papers were disclosed have written a book about it (Frederik Obermaier and Bastian Obermayer…

finews.com

Secrecy: Switzerland Demands U.S. Follow Suit

finews.com – Friday, 30 December 2016

Switzerland wants the U.S. to deliver the same data on bank clients that the alpine nation has already agreed to: that is the goal of ongoing negotiations….

Financial Times

Noose tightens on tax havens in global crackdown

By Vanessa Houlder, 6 December 2016.

Overlooking white sands and turquoise water, One Cable Beach is the latest oceanfront condominium to be built on the sun-drenched coastline of the Bahamas. Yet its top…

newsreview.com

Parking the bucks offshore

By Brendan Trainor, 1 September 2016.

Recently, Democratic presidential nominee Hillary Clinton put aside her concerns about the “urgent threat” of climate change to fly in her private jet a mere 20 miles from Martha’…

Neue Zürcher Zeitung

USA werben dreist um Schwarzgeld

NZZ am Sonntagvon Sebastian Bräuer 14 August 2016

Der Genfer Anwalt David Wilson geisselte im Juli öffentlich das amerikanische Bankgeheimnis. «Die USA sind die neue Schweiz», sagte er auf einer Konferenz in Amsterdam…

Im Zentrum der Steuertrickser

Handelszeitung | Nr. 15 | 14. April 2016

Delaware Der US-Bundesstaat ist das Hauptquartier der Steueroase USA. Amerikaner müssen nicht ins Ausland flüchten, um ihren Reichtum zu verschleiern.

US is emerging as a tax haven alongside Switzerland, Caymans

Salon, 5 April 2016.

America itself is emerging as a top tax haven alongside the likes of Switzerland, the Cayman Islands and Panama, those seeking reform of the international tax system say…

A top haven for tax cheats that may surprise you: the US

Washington Post, 5 April 2016.

The U.S. lambastes and strong-arms countries that help drug lords and millionaire investors hide their money from tax collectors. Critics say it should look closer to home.

‘Panama Papers’ blockbusters make waves abroad, but secret money is a U.S. problem too:

L.A. Times, 5 April 2016.

The headlines about the “Panama Papers,” the gigantic trove of offshore records that surfaced this week, were all about the famous names connected to secret financial accounts…

Obama calls for international tax reform amid Panama Papers revelations:

The Guardian, 5 April 2016.

In an unscheduled appearance in the White House briefing room, Obama described the revelations from the leaks as “important stuff” and said the issue of global tax avoidance was a “huge problem”.

The 8 most important things to read to understand the Panama Papers document leak

Vox Business and Finance, 4 April 2016.

On Sunday the world became familiar with the Panama Papers: a massive 2.6-terabyte leak of confidential documents revealing a deep web of international corruption and tax evasion from…

Banks named in Panama Papers, but it’s just the tip of the offshore iceberg

S&P Global, 4 April 2016,

The huge Panama Papers leak on April 3 contains such a flood of information, embarrassing rich and powerful people around the world, that it is easy to forget that the documents come from only one of what could be many law firms helping banks set up webs of companies used to hide money offshore.

Fear and regulatory loathing makes America the top tax haven

Financial Times, 24 March 2016,

Access available only with a subscription to the online Financial Times

The World’s Favorite New Tax Haven Is the United States:

Bloomberg, 25 Jan 2016

Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business.