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US – Latvia tax treaty on avoidance of double taxation seminar presentation.
US – Latvia tax treaty on avoidance of double taxation
U.S. Indicts Four Credit Suisse Bankers in Increasing
Crackdown on Offshore Accounts: 2011
From 1953 - Bank Leumi (Israel), Bank Frey (Swiss), Maerki Baumann (Swiss)
charged with:
Failure to report offshore accounts
US Taxpayers are required to report their worldwide income.
Taxpayers who have a financial interest in, or signature or other authority over, a bank account in foreign country with an aggregate value of more than USD 10,000 at any time during a particular year, are required to file for each qualifying account. Willful blindness to the FBAR requirement
The Court of Appeals stated that willful violation may include “willful blindness to the FBAR requirement” or “intentional ignorance” (i.e. A conscious effort to avoid learning about reporting requirements.)
Detection of offshore accounts
Offshore company - Latvian credit card - 1 use in abroad - Inquiry to Latvia from USA - Loan agreement justification
Suspect transactions
List of Low Tax Countries
Capital gains
Royalties & Interest
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu
The material contained here is not to be construed as legal advice or opinion.