Four More Banks Reach Resolutions with U.S. Government for NPAs
On May 28, 2015, the Department of Justice announced the addition of four banks to its Swiss Bank Program. They are as follows: Société Générale Private Banking (Lugano-Svizzera) MediBank AG LBBW (Schweiz) AG Scobag Privatbank AG For those unfamiliar with the Department of Justice’s Swiss Bank Program, a slight digression may be in order. The Swiss […]
Consequences of IRS Tax Compliance for Offshore Residents
Since the time the IRS announced the revised Offshore Voluntary Disclosure Program, there has been a consistent restlessness among American expats. At the forefront of this change is the inclusion of the Streamlined Compliance Procedure Program, which is available to U.S. individual taxpayers residing in the United States as well as those who live abroad. […]