person has a self-directed SEP/IRA, and he or she tells the account custodian to deposit funds in an offshore bank
account, the account owner must file the FBAR.
Lucy Komisar is a New York journalist who has spent several years investigating the phenomenon of offshore bank
and corporate secrecy havens.
Use our Offshore Banks
Survey results to see what offshore clients want in terms of products and services
2 million US citizens who have offshore bank
Their consultants have many years of experience in offshore banking and will make the process of obtaining the bank license as efficient and stress free as possible, they will also advise you on the best location to open your offshore bank
Some of these include the fact that offshore banks
are generally located in an area that offer greater privacy to depositors, low or zero taxation and less restrictive legal regulation, among others.
Prior to the ODF they obtained formal notices against the big banks for details of UK account holders with offshore bank
account holders have until midnight to declare their financial affairs or face big penalties.
Labour spokeswoman Joan Burton believes EUR1billion will be raised as part of the Revenue's trawl through offshore bank
The IRS is currently issuing notices to taxpayers identified as holders of offshore credit cards, owners of offshore bank
accounts and participants in offshore financial arrangements.
When selecting their offshore bank
, clients look for excellent customer service, as well as confidentiality and financial stability in their bank.
The report identifies the critical components of a successful offshore proposition, and assesses 9 major offshore bank
against the components in the Excellence Model.