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Ally Bank CEO and President Diane Morais on how She is Revolutionizing the Industry discusses the branchless model, the evolution of online banking and how she plans to keep up with change Online banks are relatively new in retail banking, but they have been growing faster than their traditional counterparts, tripling their share of new … Read more
This report presents findings from qualitative research designed to gain further insight into the offshore investment market. Document Exploration of the Offshore Investment Market PDF, 635KB, 48 pages Detail This research was commissioned by HMRC to provide further insight into the operation of the offshore investment market. The specific aims were to: collect views and … Read more
Part I of this series focused on the unforeseen nightmare and problem of unfiled tax returns for undocumented immigrants. The consequences of “kicking the can down the road”, will have significant legal and financial consequences for the 12 million undocumented immigrants that have not filed tax returns at the federal and state level. It is … Read more
Skipton International launch new market leading offshore savings accounts Skipton International (Skipton) has today launched new Individual and corporate savings accounts with some of the most competitive rates of interest in the market. The International Saver 200 offers 1.30% gross AER (Annual Interest Rate) on balances between £10,000 to £5 million. Annual interest will be … Read more
Skipton International has launched a quiz which aims to inform people about offshore savings. The quiz, which is hosted on the Skipton International website, tests savers’ knowledge of offshore banking, with answers explaining what an offshore account is, who can have one, and how someone can open one. Typical reasons for opening an offshore account … Read more
The Only Type of Foreign Financial Account that U.S. Individuals can use for Gains and Accumulations of Capital Offshore. Construct legally a tax compliant IRC 402(b) retirement plan in a way that is optically good for U.S. Persons so they are relaxed, they are U.S. Tax and reporting compliant and the bulk of their contributions … Read more
It all started with 9/11. After the twin towers fell in 2001, the US government sprang into action to wage the global war on terrorism. Within days following the attack, Congress pushed through the USA PATRIOT Act, providing unprecedented authority to the US federal government. The legislation also gave several government agencies sweeping powers over … Read more
Caplin & Drysdale Attorneys Offer Comprehensive Guide on FBAR Reporting Requirements Guide Discusses Regulations, Penalties, Enforcement, and Other Recent Developments In association with Bloomberg BNA, Caplin & Drysdale’s Zhanna A. Ziering, Mark E. Matthews, and Niles A. Elber authored the Tax Management Portfolio entitled “Report of Foreign Bank and Financial Accounts (FBAR),” a first of … Read more
Skipton International, as of Friday 17 June, launched a new 1-year fixed product (offshore savings account) with one of the most competitive rates in the offshore market. The new bond which matures 30 June 2017, offers an interest rate of 1.40% AER and is open to new and existing customers. Managing Director Jim Coupe said, … Read more