How the world’s fastest man ended up owing $2.3M in taxes

Under the tax scheme, clients shuttled millions of dollars offshore through a colourful cast of characters, including a Bahamas-based businessman later accused of stealing $20 million, and his former partner, who was shot outside his office.


What expats don’t know about this tax requirement will cost them

It will take more than moving across an ocean to escape the long arm of the IRS. Americans who hold assets in foreign countries are required to report those accounts to the appropriate federal authorities — or else face penalties as high as $100,00


EU puts US on the clock for tax blacklist

If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.