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News

Archive by Month: October 2016

Swiss Court Rules on Privacy Issues Related to Tax Evasion

Offshore Account Update

Posted on October 31, 2016

Boston international tax lawyers provide assistance to individuals who have undeclared offshore funds or who are concerned that U.S. taxing authorities are going to obtain information about their offshore investments.  If you want assistance with protecting your financial situation and avoiding or minimizing losses due to tax penalties, you should get legal advice as soon as possible.

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Offshore Accountholders Take Note: More Tax Havens Are Being Uncovered

Offshore Account Update

Posted on October 21, 2016

For those with offshore funds, privacy was often one of the leading reasons for investing in foreign countries. Unfortunately, the long traditions of banking privacy in many offshore financial meccas is quickly coming to an end.  Because of the Swiss Bank Program, many banks from Switzerland are making deals with U.S. authorities for banks to avoid criminal prosecution by providing account holder info to the U.S. government. An increasing number of countries are also entering into agreements to exchange information about offshore accounts in order to try to stop tax evasion.

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