U.S. secures first FATCA conviction as extradited banker pleads guilty

United States prosecutors registered their first-ever successful prosecution under the Foreign Account Tax Compliance Act, after the former chief executive  and chief business officer of a St Vincent and the Grenadines-based bank pleaded guilty to "conspiring to defraud the United States by failing to comply" with the legislation. 

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Opinion

Karen Alpert: Unforeseen consequences expected as 'Recovery Rebate' is distributed to expats

Karen Alpert: Unforeseen consequences expected as 'Recovery Rebate' is distributed to expats

There has already been much speculation by media organizations, American expat groups and cross-border U.S. tax specialists about how the US$2trn federal stimulus package known as the CARES Act, signed...

Apr-01-2020