Archive by Month: October 2016

Our NJ Tax Lawyers Discuss Recent Swiss Ruling on Privacy, Tax Evasion

Offshore Account Update

Posted in on October 31, 2016

If you have any undeclared offshore accounts in Swiss Banks, it is important to realize the substantial financial threat you face. Many Swiss financial institutions are eagerly coming forward to make deals with U.S. officials in order to avoid criminal prosecution.

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Offshore Tax Dealings Continue to Be Exposed

Offshore Account Update

Posted in on October 21, 2016

The Bahamas has a long track record of refusing to cooperate with taxing authorities. Back in 2000, the world's leading tax policy forum, the Organization for Economic Cooperation and Development (OECD) blacklisted the Bahama's for aiding in tax dodging and facilitating tax noncompliance. While the Bahama's was taken off the blacklist after rushing nine laws through the next year, the country was put back onto the OECD's “gray list” in 2009 for its “significant nonconformity with international standards.”  The Bahamas was also on a European Union list of 30 countries in 2015 which are considered uncooperative tax havens.

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