International taxes

Finter Bank Zurich agreed to pay a $5.4 million penalty and become the third Swiss bank to settle under a U.S. program that lets firms avoid prosecution if they say how they helped American clients avoid taxes.

CFOs of multinational corporations have mixed reactions to the Organization of Economic Cooperation and Development’s crackdown on base erosion and profit shifting by global companies, according to a new survey.

Companies with non-U.S. earnings parked overseas should start contemplating what they will do with the money if tax repatriation legislation is passed.

More Americans living outside the U.S. gave up their citizenship in the first quarter of 2015 than ever before, according to data released Thursday by the IRS.

The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.

An OECD initiative on tax evasion is causing ripples around the world

Ontario’s government is ending tax breaks to film producers and other businesses as it looks to double savings to meet its target for a balanced budget in two years.

The National Taxpayer Advocate has recommended that the reporting rules under the Foreign Account Tax Compliance Act and for Foreign Bank Account Reports in effect be merged to simplify the duplicative disclosure requirements that make it difficult for American expatriates to have bank accounts in the foreign countries where they live.

Swiss banks, for decades the bastions of secrecy, are preaching the virtue of transparency to their U.S. clients as they try to head off billions of dollars in potential fines for helping Americans evade taxes.

Former UBS AG executive Hansruedi Schumacher pleaded guilty to conspiracy to defraud the U.S. as part of the government’s prosecution of financial industry officials who help Americans dodge taxes.

A former Swiss asset manager pleaded guilty to helping U.S. clients hide millions of dollars in offshore accounts and avoid paying federal income taxes.

BSI SA, a Swiss private bank, admitted helping customers duck taxes by using coded language, nameless debit cards and fake identities as part of a landmark $211 million accord to avoid U.S. prosecution.

A former Credit Suisse Group AG banker and a Swiss trust firm founder who pleaded guilty were spared prison after helping the U.S. government build a $2.6 billion criminal tax case against the bank.

Grant Thornton has issued a document describing the advantages of relocating businesses to other countries, including their tax profiles.

The European Union launched a new salvo in its battle against tax evasion with a slate of proposals that would make it harder for companies to avoid taxes.

Sen. Rand Paul, R-Ken., has re-introduced a bill to repeal certain provisions of the Foreign Account Tax Compliance Act that he contends violate taxpayer privacy.

U.S. businesses, families and high-income households would see significant tax cuts under a plan outlined Wednesday by Marco Rubio, a Florida senator and potential 2016 Republican presidential candidate.

Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.

U.S. officials are concerned that the trillions of dollars companies park overseas are doing more than just helping them skirt taxes. They’re worried the practice leaves investors in the dark.