US Treasury Department Announces a New Proposal to Add Additional Civil Penalties to the Requirement for Disclosure of U.S. Person's Financial Accounts Overseas.
Mondaq Business Briefing › Nbr. 2004, May 2004
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US Treasury Department Announces a New Proposal to Add Additional Civil Penalties to the Requirement for Disclosure of U.S. Person's Financial Accounts Overseas.
Introduction
The United States has stepped up its efforts to seek out bank accounts held by US residents, citizens or persons (which includes green card holders and other long term residents) citing these accounts as a means to violate or evade domestic tax and regulatory requirements. In a press release on January ...See the full content of this document
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