Fighting Back

The Government Crackdown On Offshore Tax Dodging Just Got Real

by onepercenttakers · Published June 4, 2014 · Updated August 28, 2014

Over 77,000 separate foreign banks and financial firms will start sharing information on their American accountholders with the Internal Revenue Service (IRS) in cooperation with a major crackdown on offshore tax evasion, the Associated Press reports.
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Over 77,000 separate foreign banks and financial firms will start sharing information on their American accountholders with the Internal Revenue Service (IRS) in cooperation with a major crackdown on offshore tax evasion, the Associated Press reports.