Individuals and entities that have accounts at the Vatican bank and are subject to taxation in Italy will have until mid-April to report to Italian authorities the income earned by their Vatican accounts. As part of ongoing efforts by the Vatican to increase financial transparency and accountability, an agreement between… – Continue reading
TWO NEW SWISS BANKS REACH JUSTICE AGREEMENT On June 19th, 2015, the Department of Justice (DOJ) came to an agreement under the Swiss Bank Program with two new Swiss banks, Bank Linth LLB AG and Bank Sparhafen Zurich AG. BANK LINTH 126 U.S.-related accounts are attributed to Bank Linth Bank… – Continue reading
VATICAN CITY – The Vatican has agreed to share tax information with the United States in its latest move to improve the reputation of its scandal-marred bank and crack down on tax cheats. Vatican and U.S. officials signed an agreement Wednesday in which the Holy See committed to comply with… – Continue reading
After recently completing tax information exchange agreements (TIEAs) with Switzerland, Liechtenstein, and Monaco, the Italian Government is now looking to agree a similar treaty with the Holy See in Rome’s Vatican City. The TIEAs between Italy and Switzerland, Liechtenstein, and Monaco, and the prospective treaty with the Vatican, all provide… – Continue reading
Recent deals signed with Switzerland, Monaco and Liechtenstein Vatican City, March 5 – The Vatican is in talks with the Italian authorities for a deal about bank secrecy and other tax issues to help track down Italian tax evaders, Holy See sources told ANSA on Thursday. Italy recently reached deals… – Continue reading
Forbes is reporting on the Vatican Bank’s decision under pressure to comply with the FATCA requirements for reporting on American citizen accounts. In his annual Christmas messages to more than one billion Catholics, the Pope may have left out something: offshore account compliance. Maybe, but the U.S. Treasury is more… – Continue reading
