Earlier this year it seemed the United States would skirt recession or at worst find a shallow bottom and recover handily in the early part of 2009. However, there’s been a dramatic shift in circumstances in the intervening months, and this is no longer a matter of skinny dipping. After the impact of the credit [...]
:: Thursday, March 18, 2010
Many wealthy Americans have been using offshore services provided by foreign banks to evade tax. Things may now get a little difficult.
Until now foreign banks could funnel hundreds of billions of dollars overseas on behalf of American clients without disclosing their names to the Internal Revenue Service (IRS) under a program known as qualified [...]
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