TaxWorldWeb – International Tax News

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For the past several years the worldwide business press has been full of stories about potentially thousands of U.S. taxpayers who may have undeclared accounts all over the world. Through a variety of mechanisms, the U.S. government has obtained information about American account holders and their assets from jurisdictions previously thought nearly impenetrable. Many developments are public; others are occurring in quiet conference rooms in Washington, D.C., and elsewhere and may never become fully known to the public.