Tag Archives: Tax

FATCA, a new model ?

While in France, following the “Cahuzac Case” and “Offshore Leaks”, offshore accounts have caused a storm of controversy, the United States has adopted “FATCA” (Foreign Account Tax Compliance Act), a new legal instrument which identifies these accounts and fights tax avoidance. In 2009, UBS bank was prosecuted for helping clients hide assets in foreign accounts and paid $780 million in …

Read More »