News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
As we have said so many times before, the first step in addressing corruption is convincing the world that systemic corruption is not an immutable feature of human society.
That we can take effective steps to reduce it; that it should become the exception rather than the rule.… Continue Reading
More than 77,000 foreign banks and other financial institutions agreed to share information about U.S. account holders with the Internal Revenue Service as part of a crackdown on offshore tax evasion, the Treasury Department said Monday.
The Internal Revenue Service won’t fully enforce FATCA — the Foreign Account Tax Compliance Act — in July 2014 as originally planned but will wait until 2015.
In its May 2 guidance, the IRS said it postponed the enforcement date to allow for an orderly transition for withholding agents and foreign financial institutions (FFI) to meet the law’s requirements.… Continue Reading
The Foreign Account Tax Compliance Act (FATCA), a new law coming into force on July 1 that seeks to find out where U.S. taxpayers hold offshore bank accounts, has stirred controversy and opposition.… Continue Reading