UK's tax authority to reach out to 'hundreds' with possible links to bank in non-CRS-compliant Puerto Rico

As the UK's tax collection agency, HM Revenue & Customs, is reported to be preparing to reach out to "hundreds" of customers of a bank located in Puerto Rico over possible tax irregularities, financial services industry observers have been pointing out that the bank in question is located in one of five U.S. territories that, like the United States itself, have not signed up to the OECD's Common Reporting Standard (CRS).

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Andersen targets presence in 20 Caribbean countries 'by end of 2021'

Over the past eight months, Andersen – the San Francisco area-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm – has made a major move into the Caribbean market, where it didn't have so much as a single office as recently as March.

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Opinion

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

AXFNJ Podcast: Dubai private asset manager for U.S. expats Vince Truong explains why everyone needs ‘a financial roadmap in place’

Hearing Americans who've been living abroad for 10 or more years, and sometimes for most of their adult lives, describe how they got there is always interesting, I find. Many...

Dec-15-2022