The United States and Switzerland are busily renegotiating their bilateral income tax treaty. No doubt the new treaty will provide for many new ways in which Switzerland can disclose financial information about U.S. persons with bank accounts in Switzerland. Does this take the pressure off UBS in the lawsuit now grinding along in Florida? No. [...]
Yet another indication that people with undisclosed foreign bank accounts should expect a trip to the pain factory. Last weekend’s annual meeting of the California tax bars (I have spoken at this conference several times) had a visit from Nathan Hochman, Assistant Attorney General, and head of the Tax Division at the Justice Department. I [...]
Today’s Tax Notes Today has a report from the UCLA Tax Controversy Institute on October 28, 2008. For those of you spending way too much money on Lexis, the cite is 2008 TNT 211-7. The article states: In keeping with IRS Commissioner Douglas Shulman’s focus on international tax administration, fraud technical agents are for the [...]
I read Tax Notes Today every day. It is an online publication with all of the events of the last 24 hours in the happy world of tax. Today’s issue had 29 (count them) 29 new pieces of tax-related legislation announced from Congress. Fabulously important stuff like repealing the Special Occupational Tax on the manufacture, [...]
