FATCA
Middle East | 13 Sep 16
Israeli court rejects Fatca lawsuit
Israel’s high court has rejected a lawsuit to block the implementation of America’s foreign account tax compliance act (Fatca) despite claims that it violates the country’s basic law on human dignity and liberty.
North America | 2 Sep 16
Israel halts Fatca preparation following lawsuit
An Israeli judge has ordered that the state suspend work on the implementation of America’s foreign account tax compliance act (Fatca), a move welcomed by deVere Group chief executive Nigel Green.
North America | 24 Aug 16
Campaign group calls for Fatca exemption for US expats
American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.
Belize offshore bank sees a run on deposits after Fatca probe
An offshore bank in Belize, owned by prominent UK businessman Lord Ashcroft, has seen a sharp outflow of deposits following a US crackdown on tax evasion.
North America | 23 Jun 16
Ex-Credit Suisse banker pleads guilty to aiding tax evasion
A former Credit Suisse banker, who has been on the run for five years, pleaded guilty in a US federal court on Wednesday to helping Americans evade paying tax.