New Agreement Ups Pressure On Swiss Banks To Hunt Down Tax Evasion

About 100 “second-tier” Swiss banks will be able to avoid prosecution for their role in helping American account holders evade U.S. taxes under a deal announced Thursday between Switzerland’s government and the U.S. Justice Department (DOJ). The agreement lays out a tiered system of fines that the banks will pay determined by the seriousness and duration of ...

Should US citizens get a “Consular Report of Birth Abroad of a Citizen of the United States” for their child born abroad?

I recently read an article making the case of not registering the birth of your child with the US consulate. It is echoed in the following post on the Isaac Brock Society website http://isaacbrocksociety.ca/2013/09/12/falling-proportion-of-america-emigrants-requesting-consular-reports-of-birth-abroad-for-children/ : What happens if you don’t register your child? If both parents of a baby born abroad are U.S. citizens, or one parent ...

Exclusive: IRS enforcement agent numbers could drop to lowest levels since 1970s

Budget pressures at the Internal Revenue Service’s Criminal Investigation Division are cutting the number of investigators there to the lowest level in four decades, and officials say the changes are forcing the division to scale back its fight of financial crime. It will also hurt government coffers, they add, since IRS probes can bring in ...

The real IRS scandal

Even as the Internal Revenue Service’s duties have grown in recent years, the agency has had to do more with less. In real dollars, the IRS budget has declined by 14 percent since 2010, while its staff has shrunk by 11 percent. But that’s not enough for House Republicans. This week, they passed a harebrained ...

Want to get rid of U.S. citizenship? Fee just quadrupled – to $2,350

  THE ASSOCIATED PRESS   Renouncing your U.S. citizenship will set you back a cool $2,350(US) starting Sept. 6, when the fee will more than quadruple – up from $450. The State Department, which announced the change this week, claims the new fee is the real cost of processing an application to lose citizenship. “Demand for the ...

US admits that FATCA is a failure so why pursue it

Even by the most optimist estimate compliance costs by banks will bar outweight the tax to be collected by the US The Senate admits that the stated goal of obtaining the info on ban accounts of US persons will not be met. So may I ask why the US had to use its full weight ...

Le Department of State va augmenter les frais de renonciation à la nationalité US à $ 2350; dit «pas d’intérêt public» dans le respect de droit de l’homme à changer de nationalité

Confirmant des rumeurs, une règle provisoire du Department of State être publié dans le Federal Register de demain, ce qui augment les frais de renonciation à la citoyenneté des États-Unis (mais apparemment pas l’abandon) à US $ 2350 , plus de vingt fois la moyenne dans les autres pays à revenu élevé. Comme ils le disent: [D]emand for ...

State Department to hike renunciation fees to US$2,350; says “no public benefit” in respecting human right to change nationality

Confirming reports passed on by commenters at the Isaac Brock Society, DiploPundit points to a State Department interim rule just placed on public inspection for printing in tomorrow’s Federal Register, which raises the fee for renunciation of U.S. citizenship (but apparently not relinquishment) to US$2,350, more than twenty times the average level in other high-income countries. As they state: [D]emand for the service has increased ...

Les temps d’attente du consulat de Toronto a explosé pour renoncer à la nationalité américaine

Tel que vu à http://globalnews.ca/news/1519628/want-to-shed-u-s-citizenship-get-in-line/ , si un américain veut se défaire de sa citoyenneté, le consulat de Toronto ne pourra traiter sa demande qu’en Janvier 2015 (ce qui ferait que sa dernière déclaration et formulaire 8854 seraient du début 2016). Raison #1: FATCA Bien que l’article ne le dit pas explicitement, il semble que l’expatriation ...

Toronto Consulate Wait Times For Expatriation have exploded

http://globalnews.ca/news/1519628/want-to-shed-u-s-citizenship-get-in-line/