New Tax Headaches For U.S. Citizens Abroad

What is more, as a U.S. citizen he was required by the I.R.S. to report any amount in aggregate of $ 10,000 U.S. held in Canada at any time in the last taxation year and if he didn't do so, he would be found out because his Canadian bank would likely


President Admits Using Offshore Firm to Avoid Taxes

However, the admission that he used a company owned by his daughter in the British Virgin Islands to legally avoid paying US taxes, according to a recording heard by Reuters on Sunday, cast further doubt on his ethical standing.