The Resource Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare

Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare

Label
Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare
Title
Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare
Creator
Subject
Language
eng
Summary
With the recent acquittal of former Credit Suisse executive Raoul Weil exposing cracks in the US government's prosecution of offshore tax offences, the US authortities may increasingly look for simpler alternatives. Civil asset forfeiture actions are a far-reaching option for the government to seize property - including property located overseas - linked to or derived from alleged tax-related offences. Recent cases suggest that the US government is already turning to civil asset forfeiture actions as part of its offshore enforcement strategy. Prudent foreign foundations and other fiduciary structures should be aware of the civil asset forfeiture laws in the US and plan accordingly
Citation source
In: Trusts & trustees. - Oxford. - Vol. 22 (2016),
http://library.link/vocab/creatorName
  • Henoch, R.W
  • Sauter, B.J.A
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • foundation
  • illegal activity
  • offshore activity
  • immovable property
  • enforcement
Label
Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare
Instantiates
Publication
Label
Innocent foundations beware: the US government's far-reaching power of civil asset forfeiture, and what innocent foundations and other fiduciaries need to know to prepare
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
Processing Feedback ...