February 2015

Man Caught Hiding Swiss Bank Accounts Becomes Latest Casualty Of Government’s Campaign to Root Out Tax Evasion
Listen In a recent press release, the Department of Justice announced that a New York man pleaded guilty in the Eastern District of New York to a tax crime on February 18, 2015. The crime? None other than corruptly endeavoring to obstruct and impede the Internal Revenue Service. I know. It’s a mouthful. Below are …
Staff Reductions & Insufficient Funding Will Dramatically Impact IRS in 2015 And Beyond
Listen Last Tuesday, IRS Commissioner John Koskinen addressed the New York State bar Association Tax Section in New York. His comments provide keen insight into the going-on’s at the IRS. Mr. Koskinen’s most important announcement centered on the agency’s anticipated reduction in the number of rulemaking projects as a result of budgetary constraints. Although releasing …
Switzerland’s Bank Secrecy To Come Tumbling Down Like Berlin Wall When Automatic Exchange of Information Treaty Goes Into Effect
Listen Author Samuel Jaberg sat down to interview Jacques de Watteville, Switzerland’s State Secretary for International Financial Matters. Mr. de Watteville is the man in charge of implementing Switzerland’s new treaty on automatic exchange of information between tax authorities. Before we dive into the interview, some background information about how the automatic exchange of information works is useful.  According …