So it happened. UBS caved. Here’s the Department of Justice press release. UBS will pay $780 million in fines/etc. to the U.S. government, and promises to go and sin no more. Well, at least don’t go sinning in our neighborhood. (That’s the IRS’s attitude). Oh yeah. UBS will squeal. Names will be named. For humans, [...]
There is a lot going on in the offshore tax evasion world these days. I’ll start commenting a bit more on that in the upcoming days. After all, we deal daily with offshore trusts, money in Switzerland, and all that fun stuff. Hidden agendas? It seems to me that a lot of the commentary about [...]
Nonresidents of the United States frequently don’t file the U.S. tax returns that they should. Just as frequently, there are no tax liabilities involved — indeed, sometimes filing a tax return secures a tax benefit that would otherwise be lost. And if there is a U.S. tax liability, the problem is huge. Here’s the default [...]
