#OVDP for banks update from Switzerland – The end of Swiss banking as we know it

#OVDP for banks update from Switzerland – The end of Swiss banking as we know it http://t.co/R1BfbjH3ER — U.S. Citizen Abroad (@USCitizenAbroad) December 10, 2013 Amazing article which begins with: As the first of two deadlines passes for Swiss banks to sign up to a United States tax declaration programme, experts have warned that the […]


Originally posted on The Tax Wars Blog:
An article in the Wall Street Journal on July 19, 2014 by John Letzing (“Taxpayers Get Incentives to Report: Swiss Banks Aim to Entice Americans to Disclose Accounts to IRS by Helping Cover Costs, Penalties”), reveals what many professionals have known for a while.  Some Swiss Banks are…

Most Swiss banks considering #OVDP should NOT consider #Wegelin in their decision

2012 – Wegelin – Sowing The Seeds of U.S. Terror Wegelin's Fall to Tax-Haven Poster Child http://t.co/MgsdWsERwm – thought it was out of the reach of US bc it had no branches in the U.S. — U.S. Citizen Abroad (@USCitizenAbroad) December 14, 2013 This article includes: Two months ago, Wegelin pleaded guilty, even though it […]

And the #OVDP for Swiss banks news keeps coming

Switzerland Urges Banks to Meet U.S. Disclosure Deadline http://t.co/jK06WAwX3O via @BloombergNews Why do they take the All guilty approach? — Marvin Van Horn (@FATCA_Fallout) December 9, 2013 Swiss gov't faces heat over "US Programme" (update) http://t.co/hWLw3pKGW3 – 13 banks under investigation can't join #OVDP, why would others — U.S. Citizen Abroad (@USCitizenAbroad) December 10, 2013 […]

It’s Official: New OVDP program designed for Swiss Banks

DOJ announces new #OVDP program for Swiss banks that allowed US clients http://t.co/JM99xytMt7 – Banks pay fine based on % of deposits — U.S. Citizen Abroad (@USCitizenAbroad) August 30, 2013 The title of the article by Lynnley Browning is: “Swiss  agree on penalties for banks that aided tax cheats” A review of the article suggests […]

The #FATCA IGA aka #OVDP for countries

#FATCA Overreach: http://t.co/nXUutbvfPa via @youtube – Once upon a time in far off land — U.S. Citizen Abroad (@USCitizenAbroad) October 11, 2013   The @USTreasury announces the #FATCA IGA – A new #OVDP program for countries! Coming soon to a country near you! http://t.co/xL0lgtFi7W — U.S. Citizen Abroad (@USCitizenAbroad) September 29, 2013 The above tweet […]

#OVDP for financial advisors – coming soon to a bank near you!

Letterman: This is crazy. Because of the #shutdown the NSA is closed. They're asking citizens to please spy on each other. — Andrew Malcolm (@AHMalcolm) October 4, 2013 The threat of FATCA enforcement has impacted every jurisdiction in the world and the global financial industry is quaking with fear. The US Justice Department has taken […]