From the Tax Law Offices of David W. Klasing - The Senate & IRS are Going After Offshore Shell Banking and Tax Evasion
IRVINE, Calif., Oct. 25, 2022 /PRNewswire/ -- The U.S. Senate has its eyes on foreign banking and "shell banking" being used to dodge FATCA reporting. Reporting under FATCA is required for any foreign investments or business holdings, but …