"'I would urge anyone with offshore accounts
holding untaxed income or gains to take advantage of this simple and straightforward scheme.
The IRS has been studying offshore accounts
since October 2000, when the first Federal judge granted it the authority to issue a series of "John Doe" summonses to several financial and commercial businesses, to obtain records of U.S.
Obviously, it is the demands of his internationally mobile lifestyle that prodded him to set up an offshore account
with HSBC about 15 years ago.
Financial advisers say a new tax amnesty announced by the Government is likely to be of "great interest" for individuals with offshore accounts
was running a big race in the Aintree marathon on Saturday, before tiring to finish 15th of the 17 who completed the course.
The Iceland government will face a no-confidence motion debate in parliament Friday over the massive data leak that revealed an offshore account
link to Sigmundur David Gunnlaugsson, who stepped down as the country's prime minister Tuesday after much pressure.
His error left the race at the mercy of Offshore Account
While most countries do not guarantee bank deposits or provide less compensation for domestic accounts, offshore account
holders can feel confident in the knowledge that their money is secure, says Gregory.
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At its most basic a UK domiciled and resident citizen may for example have an offshore account
simply to facilitate the paying of expenses of a holiday home abroad.
"For offshore account
holders and their advisers, it is now a question of when, not if, they will be contacted by HMRC."
THERE'S nothing to stop you having an offshore account
but you must declare any interest you receive.