Dina Kapur Sanna Comments on Wegelin Case in Wealth Briefing
Publisher: Wealth Briefing
March 8, 2013
Wealth Briefing published comments by Dina Kapur Sanna on the repercussions of recent penalties imposed by the U.S. government on Swiss bank Wegelin. In her comments, titled "Picking Through The Rubble Of Wegelin's Demise In US," Dina says that the U.S. is increasingly focused on offshore tax compliance, and the Wegelin case is but one example. To enhance the voluntary compliance system, the U.S. has announced a series of Offshore Voluntary Disclosure Programs targeted towards U.S. taxpayers with unreported income and is busily implementing the withholding provisions of the Foreign Account Tax Compliance Act (FATCA), which requires foreign financial institutions to report to the IRS information about financial accounts held by U.S. taxpayers or by foreign entities in which U.S. taxpayers hold a substantial interest.
Day Pitney Trusts and Estates Attorney Keith Bradoc Gallant was featured on the American College of Trust and Estate Counsel's (ACTEC) Trust and Estate Talk podcast episode "Practical Considerations in Dealing with Incapacity."
The arrival of Melissa Rodriguez as a Trusts and Estates Partner in the firm's Miami office and the promotion of A. Michael Wargon, a Trusts and Estates Partner in the Boca Raton office, was highlighted in the Florida Bar News' On the Move column.