UNITED Kingdom-based investors are being given a second and final chance to come clean about their offshore accounts
If your local account is frozen for any reason [due to loss of residence visa or death], the offshore account
The case stems from a lawsuit filed earlier this year and affects as many as 52,000 US taxpayers suspected of holding UBS offshore accounts
to avoid paying US taxes.
Currently, the Service is investigating several thousand offshore accounts
, and has referred a large number of these to its Criminal Investigation Division.
But offshore accounts
are likewise a gamble, because they're viewed with such hostility by the courts that judges have been known to hold trust beneficiaries in contempt, with jail time, for refusing to repatriate assets.
Moreover they will be able to access their offshore accounts
through personal internet banking facility, where all accounts will be viewed under One View' hence allowing customers to seamlessly transfer funds between offshore and onshore accounts.
Dubai: Offshore accounts
are no longer the preserve of the super-rich.
Which brings us to the final point: Our terrorist enemies are masters of financial legerdemain, effortlessly moving hundreds of millions of dollars from one offshore account
Global Banking News-June 7, 2013--Canadian bank to reveal offshore account
details to IRS(C)2013 ENPublishing - http://www.
NEWSBOY'S 1-2-3 OFFSHORE ACCOUNT
PASCO WEE ROBBIE OFFSHORE ACCOUNT
ran a cracker in the William Hill Trophy at Cheltenham last month, and that performance earns him the nod in a t y p i c a l l y o p e n Topham.
15 Prince of Vasa Double: Kalahari King and Offshore Account
But this doesn't mean offshore banking is illegal per se, or that having an offshore account
will guarantee zero tax payments all the time.