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U.S. Requires Banks to Report Interest Paid to Foreigners
David Marchant
Posted: Wednesday, April 18, 2012 10:21 AM
Joined: 9/13/2007
Posts: 842


The Wall Street Journal: The Treasury Department and Internal Revenue Service released final rules requiring U.S. financial institutions to begin reporting to the government the interest payments they make to foreigners.

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Bermuda's Secretive Court System: Time to Emerge from the Dark Ages
David Marchant
Bermuda prides itself on being one of the most advanced, best run offshore jurisdictions in the world. In many respects, that boast is deserved.However, in one key area, Bermuda is so far behind the times, it's embarrassing, with the jurisdiction