Americans

Economy: Nearly 15,000 Americans support offshore tax evasion

May 14, 2011

WASHINGTON (Reuters) – About 14 700 wealthy Americans, concerned about the U.S. crackdown determined by foreign tax cheats have been delivered under the government’s amnesty program. The program of the Internal Revenue Service amnesty, which ended in October, provides for reduced penalties for voluntary disclosure of undeclared foreign participation. It is part of a broader [...]

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Economy: Americans spend almost 15,000 Offshore Tax Trap

April 29, 2011

WASHINGTON (Reuters) – Some 14,700 rich American, to an intensification of U.S. action against offshore tax evasion high, have become part of the government’s amnesty program. The Internal Revenue Service amnesty program that ended in October, offers reduced penalties for voluntary undeclared foreign investment. It is part of a broader program of the United States [...]

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