Even though that window is now dosed, those with unreported offshore bank
accounts should still consider making a voluntary disclosure to limit their exposure.
The recent letters to those taxpayers with offshore bank
accounts who have not previously come forward shows that HMRC is determined to leave no stone unturned in its search for any additional tax which may be due.
A: Yes, the FBAR is the correct form to file when an individual has signature authority over, or a financial interest in, an offshore bank
Hiding illicit money is the raison d'etre of offshore bank
and corporate secrecy.
Government officials point out that banks can open offices in the Jebel Ali Free Zone which could behave in many respects as an offshore bank
The proprietary Offshore Banks
Survey of more than 40 players, covers the needs and decision triggers of offshore clients.
They are doing it in record numbers and record amounts according to a recent Bloomberg News report, which said that as much as $32 trillion has been stuffed in offshore bank
According to the report, the officials used offshore bank
accounts to smuggle the funds.
A banking license enables you to engage in a range of banking activities, regardless of the area of banking you are interested in; whether it be retail of private banking, DeltaQuest Group consultants can assist you from the introductory interview stages to the final steps in becoming an offshore bank
The plea, signed by Davis, the former chief financial officer of Stanford Financial Group and its offshore bank
in Antigua, alleges wrongdoing as early as 1988 when Stanford had an offshore bank
An offshore bank
account is managed just like any local or domestic account, says Steve Gregory, director or technical services of Holborn Assets.
MIDLAND taxpayers have been warned of a tough HM Revenue & Customs crackdown on offshore bank