All articles tagged with #us taxes
A little-publicized provision in Trump's budget bill, Section 899, could increase taxes on foreign investments in the US, potentially deterring foreign investors, impacting US markets, and affecting international companies and sovereign wealth funds, raising concerns among Wall Street and global financial leaders.
Credit Suisse has been helping wealthy American clients hide assets from the IRS for years, according to two former Credit Suisse bankers who spoke in exclusive interviews with CNBC and are working with the U.S. government as whistleblowers. The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping thousands of U.S. clients conceal their offshore assets and income from the IRS. The Senate Finance Committee released a report detailing ongoing and rampant abuse since then, which could trigger a host of repercussions if the Justice Department presses the case.