While having an offshore account is not illegal, adequate documentation is crucial to prove these funds are not derived from ...

Offshore accounts are appealing to those trying to hide money because they offer banking secrecy in certain jurisdictions, lax reporting requirements compared to domestic accounts, and complex ...

TOKYO (AP) — An investigation published by an international coalition of more than 100 media outlets, based on 11.5 million records of offshore holdings, details how politicians, celebrities and other ...

The Inland Revenue Board said the findings came from large-scale data sharing with more than 100 countries, as part of a global push to clamp down on cross-border tax evasion.

Many US taxpayers still have questions regarding offshore accounts and FBAR filing requirements and compliance. Is there a genuine risk their activities (or lack of compliance) will come to light? The ...

For high-net-worth individuals looking to protect hard-earned assets, international asset protection strategies offer many appealing options. From offshore trusts and bank accounts to limited ...

The U.S. and other countries around the world are cracking down on offshore accounts in a bid to identify and penalize suspected tax evaders. Other investigations show the U.S. itself has become a ...

We’re able to get a pretty good picture of the extensive offshore financial system from massive data leaks like the Pandora Papers and Panama Papers, which helped to expose the shadow economy that ...

Offshore banking consists of keeping money in a financial institution located outside your country of residence. To open an offshore bank account, you'll need documentation for proof of identity, such ...

LONDON (Reuters) - The taxman is writing to 200,000 people urging them to come clean over any unpaid taxes on offshore accounts. HM Revenue & Customs said on Wednesday it will be sending the letter ...