authorities as part of the investigation, which is looking into how banks in Switzerland helped wealthy Americans avoid paying tax through hidden offshore accounts
Failure to report offshore accounts
and pay taxes on their interest can yield stiff penalties and possible criminal prosecution.
Yet legislators and voters have NO idea how much money hospitals store in offshore accounts
or why hospitals don't keep their excess reserves in Massachusetts' banks.
Offshore savers can choose from a wide range of account types, so very often you can find an offshore account
that is paying considerably more than the rate available on a standard UK high street bank savings account.
Summary: BERLIN - Germany and Switzerland scrambled on Friday to salvage a landmark deal on taxing secret offshore accounts
after the main German opposition party raised 11th hour objections to a compromise plan it branded full of "loopholes".
During the discussion, Redknapp also denied claims by his former Portsmouth chairman Milan Mandaric that money sent to the manager's offshore accounts
were investments outside football.
The latest initiative follows similar ones for doctors and people with offshore accounts
ISLAMABAD, February 25, 2011 (Frontier Star): Senator Haroon Akhtar had said State Bank (SB) should lower its interest rate so that billion of rupees stashed in offshore accounts
could be brought back.
ISLAMABAD, February 25, 2011 (Balochistan Times): Senator Haroon Akhtar had said State Bank (SB) should lower its interest rate so that billion of rupees stashed in offshore accounts
could be brought back.
Tax experts in the West Midlands estimate that approximately 13,000 people registered with HM Revenue and Customs' scheme to disclose undeclared funds in offshore accounts
The pair claimed housing benefit when they had more than pounds 330,000 in offshore accounts
Catherine Scott, of Stockton-based Baines Jewitt, says anyone with unpaid taxes linked to offshore accounts
or assets has just days to disclose their accounts to the Government -or face tough penalties.
UNITED Kingdom-based investors are being given a second and final chance to come clean about their offshore accounts
It's been said that a huge portion of the wealth owned by the world's high-net worth individuals is stashed away in tightly secured offshore accounts
, protected from the prying eyes of the taxman.
The US government and Swiss bank UBS have reached a deal to resolve a dispute over the disclosure of the names of American clients who are suspected of evading tax by holding offshore accounts