Financial Transparency Coalition

Lloyds Banking Group is ditching American customers based in Britain pending a crackdown on international tax evasion planned by President Barack Obama.

This morning I attended an event at the National Press Club hosted by TaxAnalysts. Featured were Martin Sullivan, an economist with TaxAnalysts; John Samuels, VP and Senior Tax Counsel of General Electric; Mark Weinberger, Global Vice Chairman – Tax at Ernst & Young; and Lee Sheppard, Contributing Editor for TaxAnalysts. The discussion at the event, titled “Obama’s International Tax Proposals: Where Would They Take Us?” focused on the nation’s economy and the tax treatment of multinational corporations. After hearing Sullivan’s overview of Obama’s tax proposals I was not sure if he supported or opposed the Continue Reading

An increased commitment by the U.S. to enforce more strictly tax laws regarding the declaration of offshore accounts have some American-Israelis who never bothered filing the appropriate form worrying about the right way to proceed. While some accountants with worried clients say it is time to come clean, others say the government is focusing on those trying to use Israel as a tax haven.

Life might have rocked along pleasantly enough for Steven Michael Rubinstein, his $3 million home and his fat Swiss bank account if UBS AG hadn’t courted customers like him with such zeal.