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Results: 1-10 of 18

Government runs its record to 4-0 in compelling production of records of offshore bank accounts

  • Baker & Hostetler LLP
  • -
  • USA
  • -
  • May 21 2013

On February 7, 2013, the U.S. Court of Appeals for the Eleventh Circuit joined "the three of our sister circuits that have considered the same issue

Federal Court rejects efforts to diminish measures aimed at reducing offshore tax avoidance

  • Holland & Knight LLP
  • -
  • USA
  • -
  • January 21 2014

As of January 1, 2013, United States banks were required to report to the IRS interest earned by nonresident aliens who are residents of certain

EBTs - loans

  • Squire Sanders
  • -
  • United Kingdom
  • -
  • November 30 2012

The recent case of Murray Group Holdings Limited v HMRC TC 2372 concerned the tax implications of a loan to an employee from an employee benefit trust

Close of landmark Swiss bank litigation marks the "beginning of a global offshore tax evasion probe"

  • Dykema Gossett PLLC
  • -
  • Switzerland, USA
  • -
  • November 18 2010

On Tuesday, November 16, 2010, after receiving more than 4,000 names of suspected tax evaders, Internal Revenue Service closed legal proceedings against UBS, a Swiss bank that the IRS alleged had assisted United States taxpayers in efforts to hide assets and income

Grand jury indicts Swiss lawyer and banker in tax evasion scheme

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • April 26 2013

A New York federal grand jury recently indicted a Swiss lawyer and bank executive for their roles in allegedly assisting US citizens with hiding

Luxembourg legal update - May 2011

  • Clifford Chance LLP
  • -
  • Luxembourg
  • -
  • May 18 2011

The CSSF published its Activity Report for 2010 at the end of April

Government fails to prove taxpayer “willfully” concealed offshore bank accounts

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 20 2010

Under foreign bank account reporting requirements, a U.S. person who has a financial interest in or signature authority over financial accounts in a foreign country where the aggregate value exceeds $10,000 is required to file a Report of Foreign Bank and Financial Accounts

Foreign bank account reporting and enforcement update: U.S. files suit against HSBC seeking account records

  • Blank Rome LLP
  • -
  • USA
  • -
  • April 12 2011

The United States government has opened another front in its campaign against U.S. taxpayers using secret offshore bank accounts to evade their tax responsibilities, with the Justice Department filing a lawsuit seeking the names of Americans believed to be hiding funds in bank accounts at HSBC in India

Project blue: a stamp duty land tax case that made headlines

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • August 14 2013

In July 2013, the Stamp Duty Land Tax (SDLT) case of Project Blue Ltd v. HM Revenue & Customs, concerning the high-profile development of Chelsea

IRS cancellation of indebtedness form is not an "information return" under Section 7434

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • March 24 2011

When Susan and Robert Cavoto were experiencing financial difficulties, they turned to Susan’s mother, Mary Hayes